Question: Excel Present Value (PV) 8592 Interest Rate (i) 0.075 Number of years (n) 9.5 Answer- If we place $8,592.00 in a savings account paying 7.5

Excel
Present Value (PV) 8592
Interest Rate (i) 0.075
Number of years (n) 9.5
Answer-

If we place $8,592.00 in a savings account paying 7.5 percent interest compounded annually, how much will our account accrue to in 9.5 years?

FV = PV (1 + i)n

Present Value (PV) 8592

Interest Rate (i) 0.075

Number of years (n) 9.5

I need to know exactly how to enter the FV formula for the answer, please.

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