You've graduated from college and landed a good job. You want to replace your car, but...
You've graduated from college and landed a good job. You want to replace your car, but don't want to take out a car loan. Instead, you decide to invest $400 per month in the stock market and hope to earn 6%. If the market performs as you're hoping, how many years will it take to accumulate $20000? Ignore taxes.
Solve using Excel and show all formulas used.
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You've graduated from college and landed a good job. You want to
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You just graduated college with your Bachelors Degree and accepted a job offer at your dream company. On January 1, 2020, you decide to celebrate by purchasing a Mercedes Convertible (see picture above) for $52,455. You have a 720 credit score, therefore you were able to get a 5% interest rate on a 7 year loan. You will be making monthly payments. Using Excel, prepare a professional amortization schedule for the entire 7 years. It must include the payment and...
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