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For the future value can you typ the equation that I would need to input onto exel to get the answer? thanks 1a) (15 pts.)
For the future value can you typ the equation that I would need to input onto exel to get the answer? thanks
1a) (15 pts.) Suppose you invest $5000 in a savings account that pays an APR of 5%. Suppose the interest is compounded quarterly. Answer the following in the green cells. what is the balance in the account after 7 years? Principal: $ APR (as a percentage): % *Note: You do NOT need to include a percentage sign above APR (as a decimal): time (in years): years time (in months): months 1b) Using Cell References, answer the following in the BLUE cells. Future Value of the account in 7 years: Interest Earned in 7 yearsStep by Step Solution
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