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Posted on Jul 26, 2024

Design a spreadsheet to compute the dollar amount in each of the next 1 0 years of an initial investment returning a constant annual interest

Design a spreadsheet to compute the dollar amount in each of the next $10$ years of an initial investment returning a constant annual interest rate. Interest is reinvested each year so that the amount returning interest grows.

What is the dollar amount $7$ years from now of $ $300$ invested at $11 %$ annual interest?

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