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can you please use excel to show how to find the nominal interest rate Wing Sze wants to save $450,000.00 to book a space flight
can you please use excel to show how to find the nominal interest rate
Wing Sze wants to save $450,000.00 to book a space flight on Virgin Galactic. She makes deposits of $3,139.71 every two weeks into an investment account (at the start of each period) and it will take 5 years to reach the target. What is the nominal interest rate 2) on the investment account? a) This question deals with the future value of an annuity due b) There will be 130 payments. The payment period is bi-weekly c) The payment amount is $ 3139.71 d) The nominal interest rate is 1.333 X % e) The present/future value is $ 450000Step by Step Solution
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