Osmara Del Toro deposits her life savings working at HoneyBee for $545,000, for when her retirement day arrives in 6 years, 6 months 6 days. The contract stipulates the payment of interest capitalizable quarterly, at a rate of 10.¼ %. What is the amount she will have at the end of the term that will provide welfare in her old age?
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
1.-
Osmara Del Toro deposits her life savings working at HoneyBee for $545,000, for when her retirement day arrives in 6 years, 6 months 6 days. The contract stipulates the payment of interest capitalizable quarterly, at a rate of 10.¼ %. What is the amount she will have at the end of the term that will provide welfare in her old age?
Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.
Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
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