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I need help for some excel function: Question 6: Question 7. You decide to start saving $400 monthly beginning today. How much will you have
I need help for some excel function:
Question 6:
Question 7.
You decide to start saving $400 monthly beginning today. How much will you have saved by the time you reach your planned retirement age 40 years from today if you can earn 4.7% on your savings? PV FV pmt APR (1) $400.00 4.7% 40 12 m Assume the same information as in question 6 except that you already have $25,000 in your retirment savings account AND you'll start making your monthly payments one month from today. How much will you have saved at your retirment age?* PV FV pmt APR (D) $25,000.00 * Round your answer to the nearest $1 using Excel's ROUND() function $400.00 4.7% n 40 m 12 You decide to buy a new car, a new Honda Civic because you can't afford to look too cool. The car cost $21,000 and you can finance it at 3.4%. If your payment is $322.84, for how many years did you finance the car? $21,000.00 PV FV pmt APR (0) $322.84 3.4% m 12Step by Step Solution
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