Question: can someone please show how to do it step by step on excel 1. Jim makes a deposit of $12,000 in a bank account. The

can someone please show how to do it step by step on excel

1. Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest compounded annually at the rate of 6 percent for seven years: a. How much will Jim have on deposit at the end of seven years? (Hint: What is future value?) b. Assuming the deposit earned a 6 percent rate of interest compounded quarterly, how much would h have at the end of seven years

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