Question
How would you do this problem in excel? (which finance function) Lynne will retire after 10 years and she wants to have a balance of
How would you do this problem in excel? (which finance function)
Lynne will retire after 10 years and she wants to have a balance of $80,000 in her account after she retires. Lynne has a balance of $20,000 in the account right now. If the annual interest rate is 7% and how much does Lynne need to deposit today?
| a. | $20,667.94 | |
| b. | $31,665.85 | |
| c. | $42,366.65 | |
| d. | $50,688.21 |
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The Complete Direct Investing Handbook
Authors: Kirby Rosplock
1st Edition
1119094712, 978-1119094715
