Question
Can someone show me this solution in Excel? Upon graduation from high school your grandmother gave you $17,900. Although you were tempted to purchase a
Can someone show me this solution in Excel?
Upon graduation from high school your grandmother gave you $17,900. Although you were tempted to purchase a car or, perhaps a monster television, your rational brain eventually took hold and compelled you to invest your money. Your investment advisor believes you can get 8% annual interest. Calculate what your grandmothers gift will be worth at the end of five years. Use exact interest. Run your answer using the following compounding periods: simple interest, compound annual, compound semiannual, compound quarterly, compound monthly, compound daily, and continuous.
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