5. Using the function in exercise 4 implement a function NewDFV(Deposit, Years). The function will return the

Question:

5. Using the function in exercise 4 implement a function NewDFV(Deposit, Years). The function will return the future value of a deposit with the bank assuming that the deposit and accrued interest are reinvested for a given number of years. Thus, for example NewDFV(10000,10) will return 10000*(1.063) ^ 10.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Modeling

ISBN: 9780262024822

2nd Edition

Authors: Simon Benninga

Question Posted: