Question: Please solve using Excel and explain: Suppose you have $1,000 now in a savings account that is earning 6%. You want to add $500 one

Please solve using Excel and explain:

Suppose you have $1,000 now in a savings account that is earning 6%. You want to add $500 one year from now and $700 two years from now.

How much will you have two years from now in your savings account (after you make your $700 deposit)?

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