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Added part a so part B can be done b. What would the FV for part (a) be if the interest rate were 10% with'semiannual
Added part a so part B can be done
b. What would the FV for part (a) be if the interest rate were 10% with'semiannual compounding rather than 10% with annual compounding? \begin{tabular}{l|l} Inputs & PV = \\ WYR= \\ N= \\ PMT= \end{tabular} Outputs Use Formula: FV=PV(1+i)N= Use Excel FV Function: a. Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question by using a math formula and also by using the Excet function, fx. Inputs PV=IVR=N=PMT= Outputs Use Formula: FV=PV(1+1)Y4= Use Excel FV Function Step by Step Solution
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