A business owner plans to deposit their annual profits in an investment account earning a 9% annual return. If the owner starts with their first deposit today for $22,000 and expects to make the same profit for the next 7 years, how much will be saved for retirement at that point? (In excel formula argument)

Answer rating: 100% (QA)

To calculate the savings for retirement using an Excel formula you can use the future value FV formu... View the full answer