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1 7 . What is the amount of total intetest dollars earned on a $ 5 , 0 0 0 deposit earning 6 % for
What is the amount of total intetest dollars earned on a $ deposit earning for years.
Assume no withdrawals ot deposits during years and compunding to be done annually. Use FV formula with PV as negative then subtract from FV Excel function
You have decided that you will sell your house when it appreciates in value to $ If houses are appreciating at an avergae annual rate of In your neighborhood, for approximately how long willl yoh be staying in your house.
Use opposite signs for PV and FV
Excel function
You just won some money in the lottery and would like to save a portion of it so that you will have $ to put on a down payment on a house in five years. Your bank pays a rate of interest. How much money will you have to set aside from the lottery winnings if possible.
Assume FV to be negative to have a positive PV Excel function
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