Question: !!IMPORTANT: Please solve it in excel. If you do not solve it in Excel, unfortunately I cannot give +1 for your answer. Suppose that you


!!IMPORTANT: Please solve it in excel. If you do not solve it in Excel, unfortunately I cannot give +1 for your answer.
Suppose that you want to open a saving account in a private bank and deposit "some" equal amounts PER MONTH FOR A YEAR. Please state 1-initial amount, 2-deposits per month and 3-number of interest periods and 4- interest rate per month with respect to following rules: 1. Initial amount 201109 (In dollar currency.) 2- Deposits per month is the last 1109 (In dollar currency.) 3- APR is 5 How much will the account grow if it earns at APR per year compounded yearly, quarterly (20 pts), monthly, weekly? IMPORTANT: Please solve it in excel. If you do not solve it in Excel, unfortunately I cannot give +1
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