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1.If a cell in an Excel spreadsheet uses the following formula to determine the future value of an investment:=FV(0.0025, 360, 250) Note: You don't need

1.If a cell in an Excel spreadsheet uses the following formula to determine the future value of an investment:"=FV(0.0025, 360, 250)"Note: You don't need Excel to answer this question.

a.How much money is being invested each month?

b.What is the APR?

c.For how many years will monthly payments be made?

d.How much money total will have beendepositedinto the account at the end of the deposits period?

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