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Please help with answering question 6. Thank you :) 6. Show in Excel that if $20,000 is invested at 6% compounded annually, then it will
Please help with answering question 6. Thank you :)
6. Show in Excel that if $20,000 is invested at 6% compounded annually, then it will double in about 12 years. (Note: 12=72/6 ) Calculate the future value as the function of the years and see in which year the investment is doubled. Evaluate the future value in Excel using the cells of the year column. Keep the interest rate constant Step by Step Solution
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Pricing Analytics Models And Advanced Quantitative Techniques For Product Pricing
Authors: Walter R. Paczkowski
1st Edition
1138623938, 9781138623934
