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Please use excel , need help with functions and setting up cash flows in Excel because I am only used to using a financial calculator,
Please use excel, need help with functions and setting up cash flows in Excel because I am only used to using a financial calculator, thanks!
A mutual fund has been advertising that, had you deposited $250 per month in the fund for the last 10 years, you would now have accumulated $85,000. Assuming that these deposits were made at the beginning of each month for a period of 120 months, calculate the effective annual return fund investors got. 12. Hint: Set up the following spreadsheet and then use Goal Seek. 1 Monthly payment 2 Number of months 250 120 4 Effective monthly return? 5 AccumulationStep by Step Solution
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