Question
I need help to get equation what to put in excel to get the same answer below the question. Also, can I know what the
I need help to get equation what to put in excel to get the same answer below the question.
Also, can I know what the variables are stand for?
Q : I know I'm going to need a new car in five years. I'm anticipading $20,000. How much do i have to save in order to be able to pay cash for car? I currently get a 10% return on my saving:
A : = pmt(0.1/12,60, ,-20000) $258.27 =FV(0.1/12,60,-258.27)
Step by Step Solution
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Step: 1
To calculate the amount you need to save in order to pay cash for a car in five years you can use the Excel functions PMT and FV Heres how you can set ...
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Fundamentals of Case Management Practice Skills for the Human Services
Authors: Nancy Summers
5th edition
1305094765, 130509476X, 9781305544833 , 978-1305094765
