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Juan Garza invested $20,000 10 years ago at 12 percent, compounded quarterly. How much has he accumulated? Solution Problem 9-25 Instructions Using the MS Excel

Juan Garza invested $20,000 10 years ago at 12 percent, compounded quarterly. How much has he accumulated? Solution Problem 9-25 Instructions Using the MS Excel FV function, calculate the accumulated value. Assumptions Amount invested $100,000 Years 10 Annual interest rate 12% Accumulated value $326,204 Please provide the Excel formula for this solution.

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