Question
describe the steps involved on the financial calculator to answer this question: A person deposits $2000 in a bank account that pays 5% interest per
describe the steps involved on the financial calculator to answer this question: A person deposits $2000 in a bank account that pays 5% interest per year. How much would there be in the account after 3 years? Also, of course, provide the answer.
explain how to use the Excel FV function to solve this similar problem: A person deposits $5000 in a bank account that pays 5% interest per year. How much would there be in the account after 3 years? Also, of course provide the answer.
explain how finding a present value (PV) is related to finding future values (FV) and the similar steps involved in calculating PV using a financial calculator and Excel.
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