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Please help me figure out this question on excel! 3. (Savings plans) You plan to open a savings account by depositing $1,000 in the bank
Please help me figure out this question on excel!
3. (Savings plans) You plan to open a savings account by depositing $1,000 in the bank today. You also plan to deposit $1,000 in the bank in 1 year, 2 years, ..., 9 years. If the bank pays interest of 3% per year, how much will you have in the bank 10 years from now? Interest rate 3.00% Year Deposit Future value in year 10 1,343.92Step by Step Solution
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