Question
An investor estimates that he will make a $10 million investment five years from now. The rate of return on plan assets has been estimated
An investor estimates that he will make a $10 million investment five years from now. The rate of return on plan assets has been estimated at 9 percent per year. The investor wants to know the value of this investment 15 years from now if the interest is compounded quarterly.
Can you help me with what excel formula I should use?
Step by Step Solution
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SOLUTION Yes you can use the following formula in Excel ...
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
