Question: Build a spreadsheet that will calculate PV , FV , N , PMT , or r given the other 4 inputs. The goal is to
Build a spreadsheet that will calculate PV FV N PMT or r given the other inputs. The goal is to create something that can be copied to solve the questions below. You will use the following built in functions, PV FV PMT NPER, and RATE.
You place $ in an account earning an annual interest rate of compounded annually.
a How much will you have in years if all interest is reinvested in the account?
b How would this change if the account was compounded monthly?
c In each case, what amount would you have you instead invested for years?
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