Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 13PROB
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urgent.show in excel i will 10 upvotes.
Transcribed Image Text:In an effort to save money for early
retirement, Amanda plans to deposit $
1,000 per month, starting now, into a
fixed rate account at Hills Bank that pays
7% per year, compounded daily. How
much will be in Amandas account 25 years
from now? (Use 30 - day per month for
calculations) Show in excel
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