Question: 5. Complete the table below that calculates the Future Value of $10,000 invested at 7% per year using periods from 1 to 10 years. The
5. Complete the table below that calculates the Future Value of $10,000 invested at 7% per year using periods from 1 to 10 years. The table also illustrates the value today of $10,000 to be received in the future from 1 to 10 years later using a discount rate of 5%. (Note: table is to be completed by appropriately copying the Excel formulas. Using Excel copy/paste functionality it should take just a few seconds to do it).
| Number of | Number of | Number of | Number of | Number of | Number of |
| Periods | (Excel Formula) | (Algebra Formula) | (Excel Formula) | (Algebra Formula) | |
| 1 | $10,700.00 | $10,700.00 | $9,523.81 | $9,523.81 | |
| 2 | $11,449.00 | $11,449.00 |
| $9,070.29 | |
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| 10 |
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| $6,139.13 | $6,139.13 |
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