Question
1. You invest in the stock market initially for $160,000... in 5 years the value of your investment has grown to $175,000... What is the
1. You invest in the stock market initially for $160,000... in 5 years the value of your investment has grown to $175,000... What is the rate of return on your equities? (What return annually will be earned on the investment?) And what is the MSFT Excel formula?
2. You save $1,500 annually, with a goal to reach $20,000. You earn an 8% interest on savings, how long is required to save before hitting $20,000? And what is the MSFT Excel Formula?
3. You decide to buy a home, the cost of the house (amount of the loan) is $250,000. The interest rate on the loan is 6% (compounded monthly) while the loan is for 30 years. What is the monthly house payment? And what is the MSFT Excel Formula?
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