Question: Please use excel , need help with functions and setting up cash flows in Excel because I am only used to using a financial calculator,
Please use excel, need help with functions and setting up cash flows in Excel because I am only used to using a financial calculator, thanks!
10.You are considering a savings plan which calls for a deposit of $15,000 at the end of each of the next 5 years. If the plan offers an interest rate of 10%, how much will you accumulate at the end of year 5? Do this calculation by completing the following spreadsheet. This spreadsheet does the calculation twice-once using the FV function and once using a simple table which shows the accumulation at the beginning of each year 15,000 10% 1 Annual payment 2 Interest rate 3 INumber of years 4 Total value $91,576.50FV(B2,B3,-B1,,0 Accumulation Payment at Annual end of yearinterest Year at beginning of ear 15,000 15,000 1,500.00 0.00 15,000 31,500 3 4
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