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Questions 6-9. John has an opportunity to save $150 per month at an APR of 4.5% in a 401K plan through work. He plans to
Questions 6-9.John has an opportunity to save $150 per month at an APR of 4.5% in a 401K plan through work. He plans to retire in 30 years.
What formula did you type into Excel?
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=FV(.045/12,12*30,-150)
=FV(.045/30,12*30,-150)
=FV(4.5/12,12*30,-150)
=FV(4.5/30,12*30,-150)
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