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Please show me the formula for this problem IN EXCEL. TIA! You are scheduled to receive $20,000 in two years. When you receive it, you
Please show me the formula for this problem IN EXCEL. TIA!
You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 6.8 percent per year. How much will you have in eight years? Input area: \begin{tabular}{|lr|} \hline Present value & $20,000 \\ Year money received & 2 \\ Year for future value & 8 \\ Interest rate & 6.80% \\ \hline \end{tabular} (Use cells A6 to B9 from the given information to complete this question. Your answer should be a positive value.)Step by Step Solution
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