Question

(1 point) a) How much will you have in an account after 25 years if you put $1200 per month in the account earns 4% compounded monthly? Answer $ b) How much will you have after 25 years if you put $1200 per month in the account that instead earns 5% compounded monthly? Answer $

Answer 1

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PV, EV, ANNUITY (Autosa File Home Insert Page Layout Formulas Data Review View Add-Ins - Cut AutoSum General A A Wrap Text Calibri 11 Fill Copy BI U A Merge & Center Conditional Format Insert Delete Format Paste S % Cell Sort & Find & 2 Clear Format Painter er Select Formatting ble Styles Clipboard Font Alignment Number Shules Cells Editing K204 K M N P O R 187 188 PMT 189 1200 RATE 190 4% 191 MONTHLY RATE 0.333333% 192 YEARS 25 NO OF MONTHS 193 300 194 AMOUNT OF ANNUITY 616955.46 [FV(M191,M193,-M189)] 195 196 h PMT 197 1200 198 RATE 5% 0.416667% 199 MONTHLY RATE 200 YEARS 25 NO OF MONTHS 201 300 714611.65 [-FV(M199,M201,-M 197)] 202 AMOUNT OF ANNUITY 203 204 205 CAP STRU VALUE LOCK BOX DILUTION DOLLAR COST AVGMORTGAGEEXPONPER APR CPI ear FVA pva She 130% LOAN OPTIONS pv, fv, annuity profit margin symbols Re erences 02:43 ENG 08-06-2019