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Robert Terwilliger makes deposits for four years at an annual interest rate of 5.75%. How much will Roberts balance be if he deposits the following
Robert Terwilliger makes deposits for four years at an annual interest rate of 5.75%. How much will Roberts balance be if he deposits the following amounts at the end of the period? a) $500 semiannually b) $100 monthly c) $250 quarterly
I have to enter into an excel spreadsheet like below:
Relevant Information | |||||
Annual Interest Rate | |||||
Periods Per Year | |||||
Number of Years | |||||
Needed Information | |||||
Present Value | PV | ||||
Future Value | FV | ||||
Payment | PMT | ||||
Rate | RATE | ||||
Number of Periods | NPER |
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