Question
Use the appropriate function in Excel to answer the following question. How much money would you have in a savings account at the end of
Use the appropriate function in Excel to answer the following question.
How much money would you have in a savings account at the end of 4 years if the following assumptions were true?
- You make payments of $25 a month to your savings account every month for 4 years.
- Your savings account has a fixed APR of 1.1%.Note: A fixed APR is an annual interest rate that does not change during the 4-year period.
- You will not take any money out of your savings account during this 4-year period.
- You have no beginning balance.
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
