To help expand his business to new locations, the owner of LaRusso Autos has set aside $3,900 at the end of every 6 months for 5 years. He then deposited $3,100 at the end of every year for the following 7 years. Suppose these savings earned interest at 8.1% compounded semi-annually over the entire time of the investment. How much has LaRusso Autos accumulated at the end of the 12 years? I need the solutions in excel form, thank you
To help expand his business to new locations, the owner of LaRusso Autos has set aside $3,900 at the end of every 6 months for 5 years. He then deposited $3,100 at the end of every year for the following 7 years. Suppose these savings earned interest at 8.1% compounded semi-annually over the entire time of the investment. How much has LaRusso Autos accumulated at the end of the 12 years? I need the solutions in excel form, thank you
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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To help expand his business to new locations, the owner of LaRusso Autos has set aside $3,900 at the end of every 6 months for 5 years. He then deposited $3,100 at the end of every year for the following 7 years. Suppose these savings earned interest at 8.1% compounded semi-annually over the entire time of the investment. How much has LaRusso Autos accumulated at the end of the 12 years?
I need the solutions in excel form, thank you
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