show all excel formulas/ work answering the following: Future Value: Multiple Cash Flows You think you will be able to deposit $4,000 at the end of each of the next three years in a bank account paying 8 percent interest. You currently have $7,000 in the account. How much will you have in 3 years? How much in 4 years?
show all excel formulas/ work answering the following: Future Value: Multiple Cash Flows You think you will be able to deposit $4,000 at the end of each of the next three years in a bank account paying 8 percent interest. You currently have $7,000 in the account. How much will you have in 3 years? How much in 4 years?
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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show all excel formulas/ work answering the following:
You think you will be able to deposit $4,000 at the end of each of the next three years in a bank account paying 8 percent interest.
You currently have $7,000 in the account.
How much will you have in 3 years?
How much in 4 years?
Present Value: Multiple Cash Flows
You are considering an investment that will pay you $1,000 in one year, $2,000 in two years and $3,000 in three years.
If you want to earn 10% on your money, how much would you be willing to pay?
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