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Use Excel TVM functions to provide the answers below: Suppose you invest a sum of $ 4 , 0 0 0 in an interest -
Use Excel TVM functions to provide the answers below:
Suppose you invest a sum of $ in an interestbearing account at the rate of per year. What will the investment be worth six years from now?
How much would you need to invest now to be able to withdraw $ at the end of every year for the next years? Assume a interest rate.
Assume that you want to have $ saved seven years from now. If you can invest your funds at a interest rate, how much do you currently need to invest?
Your aunt Eugenia plans to give you $ at the end of every year for the next years. If you invest each of her yearly gifts at a interest rate, how much will they be worth at the end of the year period?
Suppose you want to buy a small cabin in the mountains four years from now. You estimate that the property will cost $ at that time. How much money do you need to invest each year in an interestbearing account earning per year to accumulate the purchase price?
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