Question
You currently have $4,400 (Present Value) in an account that has an interest rate of 6% per year compounded daily (365 times per year). You
You currently have $4,400 (Present Value) in an account that has an interest rate of 6% per year compounded daily (365 times per year). You want to withdraw all your money when it reaches $11,000 (Future Value). In how many years will you be able to withdraw all your money?
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Financial Modeling Using Excel And VBA
Authors: Chandan Sengupta
1st Edition
0471267686, 978-0471267683
