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I NEED TO SOLVE THS USNG EXCEL Suppose you invest into Fund X for 15 months with a monthly interest rate of 8%. Each month
I NEED TO SOLVE THS USNG EXCEL
Suppose you invest into Fund X for 15 months with a monthly interest rate of 8%. Each month you pay $260 calculate the ending value in the red shaded area. (5p) 1 Suppose you found the Ending Value. You would like to observe the Ending Value for various monthly payments which are $100, $200, $300, and $400 Create one-way data table to see the annual payments for the interest rates in green shaded area. (10p) 2 3 4 5 INVESTMENTS Years Left Fund X Monthly Payment Interest Rate 15 ($260) Ending Value 8% 6 7 8 9 $ 10 $ 11 $ 12 $ (100.00) (200.00) (300.00) (400.00)Step by Step Solution
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