Question
You are considering investing $200 in the stock market. You believe that you will be able to keep the money invested for 5 years and
You are considering investing $200 in the stock market. You believe that you will be able to keep the money invested for 5 years and earn a 5% return.
a. How much money do you expect to have at the end of five years? (Please use consistent formatting throughout the spreadsheet).
b. Using a vertical data table, explore how your results vary when the interest rate changes from 1% to 10%. Intuitively explain why the variation makes sense. [Note: you can just write your answer in a cell and highlight the answer).
c. Using a horizontal data table, explore how your results vary when your investment horizon changes from 1 to 10 years. Intuitively explain why the variation makes sense.
Please Solve in Excel with Excel Formulas. Thanks.
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