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Use Excel to answer this question 15 Your savings of $450 at the end of each month will accumulate to $32,800 16 after 5 years.
Use Excel to answer this question
15 Your savings of $450 at the end of each month will accumulate to $32,800 16 after 5 years. What nominal annual rate of interest will you have 17 received? Enter the function in cell C21 in a way that lets you switch 18 between savings at the end and the beginning of the month by changing 19 cell C19. 20 21 Monthly savings Lump sum accumulated Period of saving Frequency of saving Type of annuity $450.00 $32,800.00 5 years 12 per annum End Annual interest rate Display as a percentage with 2 decimal places 22Step by Step Solution
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