Question
Trying to study for a test for financial modeling course and im not understanding exactly where to start an excel sheet with formulas is recommended
Trying to study for a test for financial modeling course and im not understanding exactly where to start an excel sheet with formulas is recommended
1. If you wish to accumulate $140,000 in 13 years, how
much must you deposit today in an account that
pays an annual interest rate of 14%?
2. What will $247,000 grow to be in 9 years if it is invest
ed today in an account with
an annual interest rate
of 11%?
3. How many years will it take for $136,000 to grow to
be $468,000 if it is invested
in an account with an
annual interest rate of 8%?
4. At what annual interest rate must $137,000 be invested
so that it will grow to
be $475,000 in 14 years?
5. If you wish to accumulate $197,000 in 5 years, how mu
ch must you deposit today in an account that pays
a quoted annual interest rate of 13%
with semi-annual compounding of interest?
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