Question: Please provide an explanation using either a financial calculator or excel. I don't need an explanation using the formula. Is it possible to solve using

Please provide an explanation using either a financial calculator or excel. I don't need an explanation using the formula. Is it possible to solve using the CF option on a financial calculator? I know it's a future value of uneven cash, flows but I believe the compounding quarterly interest is throwing off my answer.

Please provide an explanation using either a
You just deposited $6,000 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (4 quarters) from now and another $7,500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now? Select the correct answer. a. 25,222.98 b. 25.21 1.13 c. 25,175.78 0 d. 25,137.53 e. 25,199.38

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