Suppose you invest $2500 each year in a savings account that earns 12.5% per year. How...

Question

Question

Suppose you invest $2500 each year in a savings account that earns 12.5% per year. How much will be in the account in 7 years?

Answer 1

Answer #1

84 185 Investment per year rate useful Life 2500 Function Arguments 12.50%) FV 7 years Rate | 12.5% Nper 7 Pmt 2500 0.125 187

Future value = 25613.95

Answer 2

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