Question: how do i do this in excel? Assume that you can invest $10,000 today at a 7% annual rate of return. What will the deposit
how do i do this in excel?
| Assume that you can invest $10,000 today at a 7% annual rate of return. What | |||||
| will the deposit be worth in 15 years? | |||||
| Deposit | $10,000 | ||||
| Annual rate of return | 7% | ||||
| Years | 15 | ||||
| Future value | <== Use FV to calculate the future value | ||||
| What if you add $2,000 a year to the investment, what will be the future value? | |||||
| Future value | <== Use FV to calculate the future value | ||||
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