Which formula property calculates the future value of monthly deposits of $800 lent deposit for 10 years at an annual return of 8%? Assume an initial deposit of $20,000. Your formula must return a positive value. Number of years 5 Payments per year Monthly deposit Annual return Initial deposit 10 12 $800 8% $20,000 Multiple Choice =FV(B7/B5,B4 B5,B6,B8) =-FV(B7/B5,B4 B5, B6,B8) =-FV(B7/B5,B4-B5.B6)
Which formula property calculates the future value of monthly deposits of $800 lent deposit for 10 years at an annual return of 8%? Assume an initial deposit of $20,000. Your formula must return a positive value. Number of years 5 Payments per year Monthly deposit Annual return Initial deposit 10 12 $800 8% $20,000 Multiple Choice =FV(B7/B5,B4 B5,B6,B8) =-FV(B7/B5,B4 B5, B6,B8) =-FV(B7/B5,B4-B5.B6)
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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Transcribed Image Text:1 Which formula property calculates the future value of monthly deposits of $800 left on
2 deposit for 10 years at an annual return of 8%? Assume an initial deposit of $20,000.
Your formula must return a positive value.
4 Number of years
5 Payments per year
6 Monthly deposit
7 Annual return
8 Initial deposit
10
12
$800
8%
$20,000
Multiple Choice
=FV(B7/B5,B4 B5,B6,B8)
=-FV(B7/85,84-85,B6,B8)
-FV(B7.85,84-85,B6)
=-FVB7.84-85.B6.B8)
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