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For each interest rate r given in problem 1, calculate the amount of money in the account by using an Excel spreadsheet to add up
For each interest rate r given in problem 1, calculate the amount of money in the account by using an Excel spreadsheet to add up the future values of all of the monthly investments. If you are unfamiliar with Excel, please see the file in the project folder. When you are doing this, assume that final payment of $100 will be made at the end of 20 years, so that the last payment will be 100(1+r/12)^0. Report your final answers below to 2 decimal places. You do NOT need to hand in the Excel sheet. Note that the first answer is provided. Once you have set up your spreadsheet, please use this result to verify that your spreadsheet is calculating the total future value correctly! At r=.06%, the account will be worth: $ At r=1.1%, the account will be worth: $ At r=3.2%, the account will be worth: $ At r=8.05%, the account will be worth: $
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