Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do i do the formula for this problem in excel? You want to have $75,000 in your savings account 12 years from now, and

how do i do the formula for this problem in excel?image text in transcribed

You want to have $75,000 in your savings account 12 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.8 percent interest, what amount must you deposit each year? $ 75,000 Desired amount # of years Interest rate 1 6.8% Complete the following analysis. Do not hard code values in your answers. Your answer should be a positive value. Annual deposit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For IT Decision Makers

Authors: Michael Blackstaff

1st Edition

3540762329, 978-3540762324

More Books

Students also viewed these Finance questions