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can you show me how to set this up on excel? also what is the question asking me solve? Q3. Dennis Haydell (F382, Fa'09) is
can you show me how to set this up on excel? also what is the question asking me solve? Q3. Dennis Haydell (F382, Fa'09) is a 27-year old, highly-motivated individual who wants to have saved more than a million dollars by his retirement at age 67. Fortunately, after completing his Ph.D. in Finance from Louisiana State University Dennis secured a high-paying job with the New Orleans Branch of the Federal Reserve Bank of Atlanta. Dennis is confident his low-risk investment portfolio will consistently earn an annual rate of 5.50%. p.a. If Dennis makes weekly, beginning-of-the-week, deposits of $150.00 for the next 40 years what will his account be worth at his expected retirement? Answer: $1,137,807.79
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