Homework Answers
Answer:
| in Financial calculator calculate Future value by enter the stoke |
| PV= -700 |
| N= 5 |
| I/Y =1.3% |
| CPT - FV =756.4056 |
| or calculate in excel Future value |
| =FV(1.3%,5,0,-700,0)= 746.70 |
| Balance in 5 years would 746.70 |
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