Question
Answer the question below in excel, what is the equivalent amount at the end of year 0, end of year X+2, and end of Year
Answer the question below in excel, what is the equivalent amount at theend of year 0, end of year X+2,andend of Year Nif:
a) X = 1
b) X = 3
Assume the interest rate is 10% compounded quarterly.
YearAmount
X$2,225.00
X+1$2,225.00
X+2$2,225.00
X+3$2,225.00
X+4$2,225.00
N = X+5$2,225.00
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
125972266X, 9781259722660
