Question: Can someone please-show, how to do this problem in excel with the formulas? You plan to deposit a fixed amount each year for ten years
Can someone please-show, how to do this problem in excel with the formulas? You plan to deposit a fixed amount each year for ten years at a fixed 6 percent annual rate and you also wish to accumulate 500,00 dollars by the end of the tenth year, how much do you have to deposit in your pension fund each year? Notes:It is a future value question, what I need to find is how much they need to invest each year to get 500,000 in the end
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