You want to have $40,000 in your savings account 6 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.75 percent interest, what amount must you deposit each year?

Q: where  is the excel sheet ,so i can see how you get  the answer.  I want to see the workings  please

A: Excel Workings are provided in the solution in the form of Excel snip. One can use the formula…

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Q: hi, can you please show me how to solve this without using excel? thank you

A: Variables in the question:Interest rate = 3.75% per year compounded quarterlyQuarterly means 4 times…

Q: can you provide me more clear info

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Q: relevance characterisitic

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Q: Hey! Thanks for the answer! What's the formula in cell c9? Thanks!

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Q: Big help please

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Q: Can you solve using excel and explain the formulas more in depth?

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Q: you!

A: The original question deals with preparation of amortisation schedule.

Q: Could you please provide the solution without using the excel?

A: concept. Formula. 1.   F = S * ert where , F= future price. S= spot price r= interest rate t= time…

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Q: Hello, could i depend on this solution is it an expert solution?

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