Question: We are going to use the Future Value Function to calculate how much a $40 today will be worth in 25 years in the value

We are going to use the Future Value Function to calculate how much a $40 today will be worth in 25 years in the value of the investment grows by 12% per year. future value is in cell L27 and M27. Find the Future value of $40 in 100 years if the growth rate of the investment is 12% per year. You should understand that the growth is compounded.We are going to use the Future Value Function to calculate how

time We are going to use the Future Value Function to calculate how much a $40 today will be worth in 25 years in the value of the investment grows by 12% per year. future value is in cell L27 and M27. Find the Future value of $40 in 100 years if the growth rate of the investment is 12% per year. You should understand that the growth is compounded. 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 investment growth rate value Future Value $40 12% future value $44.80 rate 50.176 number of periods 56.19712 payment 62.94077 present value 70.49367 Type 78.95291 88.42726 99.03853 110.9232 124.2339 139.142 155.839 174.5397 195.4845 218.9426 245.2157 274.6416 307.5986 344.5105 385.8517 432.1539 484.0124 542.0939 607.1452 680.0026 ($680.0026) 12% 25 0 $40 0

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