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What is the future value of 20 periodic payments of $4,000 each made at the beginning of each period and compounded at 8%? Build an
What is the future value of 20 periodic payments of $4,000 each made at the beginning of each period and compounded at 8%?
Build an Excel worksheet to verify your calculation of #1. Show the calculation year by year (periodic amount, payment, balances etc.)
Given the information of #1 above, how much you would have to save every year (period) if you want to have 2 million dollars of cash after 20 years (periods)
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