Question
Using Excel Demonstrate using Using Excel You plan to deposit a sum of money in your investment account. The stated interest rate you plan to
Using Excel
Demonstrate using Using Excel
You plan to deposit a sum of money in your investment account. The stated interest rate you plan to earn is 6.50 percent, compounded daily. How much must you invest today if you want your investment account to be worth $6,602 in 17 years?
this is what I have so far:
| N | 17 years | N. Daily | 6205 |
| R | 6.50% | R. Daily | 0.0178082 |
| PV | |||
| PMT | |||
| Step 1. Find NPV | |||
| FV | 6602 |
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Contemporary Topics In Finance
Authors: Iris Claus, Leo Krippner
1st Edition
1119565162, 978-1119565161
