Question: how do you enter the answer in FV (future value) function? Kara Delaney received an $8,000 gift for graduation from a relative. If she deposits

how do you enter the answer in FV (future value) function?
 how do you enter the answer in FV (future value) function?

Kara Delaney received an $8,000 gift for graduation from a relative. If she deposits the entire amount in an account paying 6 percent, what will be the value of this gift in 10 years? You must use the built-in Excel function to answer this question. All answers should be displayed as positive numbers. Input area: Output area: 12. 13 Value of gift in 10 vears Your formula must include the FV function and return a positive vefue

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!