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This is the spreadsheet given for the question! It goes all the way down to 119 4. (FV annuity) Your parents have just opened a
This is the spreadsheet given for the question! It goes all the way down to 119
4. (FV annuity) Your parents have just opened a savings account for you. They plan to make monthly deposits of $200 for the next 10 years (120 deposits) where the first deposit starts today. Assume that the account earns 0.5% inter- est per month. What will be the value of your saving account after 10 years? Interest rate 0.50% Year Deposit Answers Future value in year 10 363.88Step by Step Solution
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