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1 Calculation of future value and present value 2 3 Annual Interest Rate 12% 4 Term (in years) 15 5 Monthly payment -$580 6 Future

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1 Calculation of future value and present value 2 3 Annual Interest Rate 12% 4 Term (in years) 15 5 Monthly payment -$580 6 Future value 7 Present value 8 9 10 1. Open a new workbook and create the above worksheet. 2. Make sure that your worksheet looks like the picture and save it as the name Exercice5" 3. Enter in cell B6 an FV function to calculate the future value of your investment. 4. Enter in cell B7 an PV function to calculate the present value of your investment 5. save the file

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