Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how do i do this in excel? Assume that you can invest $10,000 today at a 7% annual rate of return. What will the deposit
how do i do this in excel?
| Assume that you can invest $10,000 today at a 7% annual rate of return. What | |||||
| will the deposit be worth in 15 years? | |||||
| Deposit | $10,000 | ||||
| Annual rate of return | 7% | ||||
| Years | 15 | ||||
| Future value | <== Use FV to calculate the future value | ||||
| What if you add $2,000 a year to the investment, what will be the future value? | |||||
| Future value | <== Use FV to calculate the future value | ||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
I Would Rather Eat A Cactus Than Audit A Project A Beginners Guide To Project Audit And Assurance
Authors: Lesley Elder-Aznar
1st Edition
B0B4HKGN3S, 979-8838344298
