Question: please do it on excel X B D A E F H You currently have $4,000 in a bank account that pays an annual rate
X B D A E F H You currently have $4,000 in a bank account that pays an annual rate of 1%, compounded monthly. You plan to make additional monthly deposits of $200, starting at the end of this month. How many payments will you have made when your account balance reaches $50,000? Answer N 1 Use the appropriate formulas and Excel function to solve the problem (typed-in solutions receive 0 credit). PV PMT 3 FV
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