Question: Use the appropriate function in Excel to answer the following question. How much money would you have in a savings account at the end of

Use the appropriate function in Excel to answer the following question.

How much money would you have in a savings account at the end of 3 years if the following assumptions were true?

  • You make payments of $20 a month to your savings account every month for 3 years.
  • Your savings account has a fixed APR of 1.7%.Note: A fixed APR is an annual interest rate that does not change during the 3-year period.
  • You will not take any money out of your savings account during this 3-year period.
  • You have no beginning balance.

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