Pedro Gonzalez will invest $13,000 at the beginning of each year for the next 15 years....

Question

Question

Pedro Gonzalez will invest $13,000 at the beginning of each year for the next 15 years. The interest rate is 8 percent. What

business finance

Answer 1

Answer #1

Future value is calculated using the FV function:-

=FV(rate,nper,pv,fv,1)

=FV(8%,15,-13000,,1)

=381,212

Answer 2

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