Please solve with excel and mention the excel function.
Thanks
Kevin deposits $10,000 in a savings deposit paying 6%, compounded
monthly. What amount would he have at the end of ten years?
Excel function used is FV,
=FV(rate,nper,pmt,pv)
=FV(6%/12,10*12,0,-10000)
=18193.97
Please solve with excel and mention the excel function. Thanks Kevin deposits $10,000 in a savings...
Kevin deposits $10,000 in a savings deposit paying 6%, compounded monthly. What amount would he have at the end of ten years? Please show work
If Jackson deposits $100 at the end of each month in a savings account earning interest at a rate of 3%/year compounded monthly, how much will he have on deposit in his savings account at the end of 6 years, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.)
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How do I solve these problems? Thanks!
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Please include steps. Thanks.
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