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Please show excel formulas: John is trying to figure out how to save money by changing his consumption habits. He realizes that he could save
Please show excel formulas: John is trying to figure out how to save money by changing his consumption habits. He realizes that he could save $ every work day if refrains from buying his usual afternoon soft drink from the vending machine. Because he buys a soft drink every work day, this amounts to a savings of $ per year. Today is Johns th birthday. Use the FV function to compute the amount of money John will have accumulated by his th birthday from this savings? For simplicity, ignore any expected inflation in the price of soft drinks and assume that at the end of each year, he will deposit $ into an account that pays interest per year, with the first deposit occurring a year from today his th birthday and the last deposit occurring on his th birthday.
Please show excel formulas: John is trying to figure out how to save money by changing his consumption
habits. He realizes that he could save $ every work day if refrains from buying his usual afternoon soft drink from the vending machine. Because he buys a soft drink every work day, this amounts to a savings of $ per year. Today is Johns th birthday. Use the FV function to compute the amount of money John will have accumulated by his th birthday from this savings? For simplicity, ignore any expected inflation in the price of soft drinks and assume that at the end of each year, he will deposit $ into an account that pays interest per year, with the first deposit occurring a year from today his th birthday and the last deposit occurring on his th birthday.
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