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*******PLEASE HELP TO SOLVE USING EXCEL GOALSEEK******* Your grandmother set up an annuity, in which she will receive a monthly payment from the bank of
*******PLEASE HELP TO SOLVE USING EXCEL GOALSEEK*******
Your grandmother set up an annuity, in which she will receive a monthly payment from the bank of $1200 per month, payable at the beginning of each month. She paid $200,000 for this annuity. The bank says they are paying an interest rate of 4%. How many months does the bank plan to pay the annuity?
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