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You are 20 years old and Granny leaves you $70,000 in her will. She asks that you save and invest it for your future. You
You are 20 years old and Granny leaves you $70,000 in her will. She asks that you save and invest it for your future. You invest it in stocks, which return 7% every year for 50 years. When you model this calculation up in excel, which combination of inputs will you use?
a. | PV: $0 FV: $70,000 I: 7% N: 50 Pmt: $0 | |
b. | PV: $70,000 FV: $0 I: 7% N: 50 Pmt: $70,000 | |
c. | PV: $70,000 FV: ? I: 7% N: 50 Pmt: $0 | |
d. | PV: $70,000 FV: 50 I: 7% N: 20 Pmt: $50 |
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