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Suvo wants to know the future value of the Traditional IRA after 12 years. In cell D14, insert a formula using the FV function and
Suvo wants to know the future value of the Traditional IRA after 12 years. In cell D14, insert a formula using the FV function and defined names. For the rate argument, divide the Annual_Return (cell D8) by 12 to find monthly rate. Multiply the Years_Employed (cell D9) by 12 to provide the number of periods, and use a negative Monthly_Total (cell D13) as the payment.
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