Question: 1. Compute the future value. 5 FILE Sign in X . 3 Calculating Future Values - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW

1. Compute the future value. 5 FILE Sign in X .

1. Compute the future value. 5 FILE Sign in X . 3 Calculating Future Values - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri .111 A A B I V - A Alignment Number Conditional Format as Cell Formatting - Table Styles - Font Styles fx Cells Paste Clipboard A1 You have just made your first $5,000 contribution to your retirement account. Assuming you earn a return of 11 percent and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing? (Does this suggest an investment strategy?) Complete the following analysis. Do not hard code values in your answers. All answers should be positive values. Years Future value Present value 5,000 5,000 Interest rate 11% 11% - Sheet1 - E -- READY Attempt(s) - Hint + 100% Show Me

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