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EM-1, Future Value and Compound Interest. Please I need the answer step by step in Excel, including the tables. Future Value and Compound Interest Using
EM-1, Future Value and Compound Interest. Please I need the answer step by step in Excel, including the tables.
Future Value and Compound Interest Using the future value tables, solve the following. Required: 1. What is the value on January 1,2026, of $40,000 deposited on Jantary 1,2019 , which accumulates interest at 12% compounded annually? 2. What is the valuc on January 1,2025 , of $10,000 deposited on July 1,2019 , which accumulates interest at 16% compounded quarterly? 3. What is the compound interest on an investment of $6,000 left on deposit for 5 years at 10% compounded annuallyStep by Step Solution
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