Savings Plan Formula with Excel. Use the future value (FV) function in Excel to answer the following questions.
a. What is the balance in an account after 25 years with monthly deposits of $100 and an APR of 4%?
b. If you double the APR in part (a), is the balance double, more than double, or less than double the balance in part(a)?
c. If you double the number of years in part (a), is the balance double, more than double, or less than double the balance in part (a)?
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