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Problem 5-41 n. Find the FV of $1,800 invested to earn 12% after 7 years. Answer this question by using a math formula and also

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Problem 5-41 n. Find the FV of $1,800 invested to earn 12% after 7 years. Answer this question by using a math formula and also by using the Excel function wizard. Inputs: PV I N = FV = PV(1+1)^N= Formula: Wizard (FV): $0.00 $0.00 Note: When you use the wizard and fill in the menu items, the result is the formula you see on the formula line if you put the pointer on cell E13. Put the pointer on E13 and then click the function wizard (fx) to see the completed menu. Finally, it is generally easiest to fill in the wizard menus by clicking on one of the menu slots to activate the cursor in that slot and then clicking on the input cell where the item is given. Then, hit the tab key to move down to the next menu slot. Experiment by changing the input values to see how quickly the output values change. b. Now create a table that shows the FV at 0%, 5%, and 20% for 0, 1, 2, 3, 4, and 5 years. Then create a graph with years on the horizontal axis and FV on the vertical axis to display your results. Begin by typing in the row and column labels as shown below. We could fill in the table by inserting formulas in all the cells, but a better way is to use an Excel data table as described in 05model. We used the data table procedure. Note that the Row Input Cell is D10 and the Column Input Cell is Dll, and we set Cell B33 equal to Cell E12. Then, we selected (highlighted) the range B33:E39, then select Data tab > What If Analysis > Data Table, and filled in the menu items to complete the table. 0% Years (D11) $ 0 1 2 3 Interest Rate (110) 5% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 20% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 4 5 T20

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