You are concerned about whether your savings and investments are adequate to meet your retire you saved $1,500 and believe you can increase that at 5% per annum for the next 15 years. Assi an 8% return on your investment, how much would you accumulate by the end of the 15th year? MATH EXCEL NOTATION FORMULA PV A Year 1 = A(1+g) = f C6 n r 9 n YOUR INPUTS
You are concerned about whether your savings and investments are adequate to meet your retire you saved $1,500 and believe you can increase that at 5% per annum for the next 15 years. Assi an 8% return on your investment, how much would you accumulate by the end of the 15th year? MATH EXCEL NOTATION FORMULA PV A Year 1 = A(1+g) = f C6 n r 9 n YOUR INPUTS
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
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you saved $1,500 and believe you can increase that at 5% per annum for the next 15 years. Assi
an 8% return on your investment, how much would you accumulate by the end of the 15th year?
EXCEL
NOTATION
PV
A
Year 1 = A(1+ g) =
1
r
9
MATH
FORMULA
n
9
n
YOUR
INPUTS"
Transcribed Image Text:You are concerned about whether your savings and investments are adequate to meet your retire
you saved $1,500 and believe you can increase that at 5% per annum for the next 15 years. Assi
an 8% return on your investment, how much would you accumulate by the end of the 15th year?
EXCEL
NOTATION
PV
A
Year 1 = A(1+ g) =
1
r
9
MATH
FORMULA
n
9
n
YOUR
INPUTS
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