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How do you input the finance formula into Microsoft Excel to calculate the equation? FV = PV x (1 + i)^n PV = cell B5

How do you input the finance formula into Microsoft Excel to calculate the equation?
FV = PV x (1 + i)^n
PV = cell B5
i = cell B6
n = cell B7
answer (FV) = cell B9
image text in transcribed
AA A Times New Roman - 12 BTV - B O EE E Wrap Text Merge & Center - ontor General $ - % , Insert Delete Format Paste *38-48 Conditional Formatas Cell Formatting Table Styles Number Clipboard D5 1 X C D E F G H I J K 1 If we place $8,592.00 in a savings account paying 7.5 percent interest compounded annually, how much will our account accrue to in 9.5 year 3 FV = PV x (1 + i)" 5 Present Value (PV) 6 Interest Rate (1) 7 Number of years (n) 8592 0.075 9.5 9 Answer- Instructions Problem 1 FV Problem 2 PV Problem 3 IR Problem 4 FV Problem 5 PV Type here to search

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