Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When using EXCEL to find the future value of $2,000 invested in an account that would earn interest of 7.5% for 18 years, the correct

When using EXCEL to find the future value of $2,000 invested in an account that would earn interest of 7.5% for 18 years, the correct entry would be

=FV(.075,18,0,-1,000).

=FV(7.5,18,0,1,000).

=PV(.075,18,0,-1,000).

=FV(7.5,18,0,-1,000).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Analysis

Authors: Andrew P.C.

1st Edition

1520985002, 978-1520985008

More Books

Students also viewed these Finance questions