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Answer the question below with excel formulas and check my work as well. Complete the question asked in yellow and show full work You are
Answer the question below with excel formulas and check my work as well. Complete the question asked in yellow and show full work
You are offered the opportunity to put some money away for retirement. You will receive annual payments of $ each beginning in years. If you desire an annual interest rate of compounded monthly, answer the following two questions:
a How much would you be willing to invest today?
a
b How much would the money that you will be willing to invest today be worth at the end of your last payment ie in year
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