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( a ) In cell A 6 , type 1 . Rather than copying the numbers 2 to 2 5 , we can fill down
aIn cell A type Rather than copying the numbers to we can fill down based on the formula in cell A which is A Locate ASince this is where the formula begins by clicking on the center of the cell. Go to the far lower right hand corner of cell A and hold down the left mouse button when you see the cursor change. Holding the left mouse button down, drag the cell down to year and let go off the mouse button. Couple A opens a bank account and decides to deposit $ at the end of each year for years in an account which earns interest compounded annually for years. Year is the last time they deposit any money meaning there is no deposit value for years to Remember that the Interest column is for the Interest formula, do not just put in the interest rate. When the couple opens the bank account the first year there is no money in Beginning Balance. Set up your spreadsheet for Couple A accordingly. You should get $ for your ending balance for year
What is the ending balance for Couple A after years? $
How much did Couple A actually deposit? $
What is the total amount of interest earned by Couple A $
bCouple B decides to "live it up for the first years, meaning there is no deposit value for years to At the end of year they deposit $ at the end of each year in an account which earns interest compounded annually. Set up your spreadsheet for Couple B showing their financial status for years. You should get $ for your ending balance for year
What is the ending balance for Couple B after years? $
How much did Couple B actually deposit? $
What is the total amount of interest earned by Couple B $
cAt what year has Couple Bs account exceeded Couple As account
dAt the year couple Bs account exceeded couple As account your answer from part c in total how much more had couple B deposited than couple A
$
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