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Please give formulas for the boxes too. Problem 1: Calculate the future value of $10,000 put into a bank for 5 years at 3% interest
Please give formulas for the boxes too.
Problem 1: Calculate the future value of $10,000 put into a bank for 5 years at 3% interest paid annually. Notes: Enter the Pv as a negative number, since it is money that you pay out; leave the Pmt and Type items blank. Fv Function: Input Solution Rate 0.03 Fv= Nper 5 Pmt Pv -10000Step by Step Solution
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