An account was opened 7 years ago with an investment of 5,000 at a compound rate of
Fantastic news! We've Found the answer you've been seeking!
Question:
An account was opened 7 years ago with an investment of 5,000 at a compound rate of 4%. 4 years later, 1,300 was added to this account, at which point the entire account earned 3.5% for the remaining 3 years. What is the value of the account today? please show work by calculating it using the present, future, nper, or rate function in excel?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: