Compute the future value of 5000 deposited annually for 5, Ask an Expert

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Compute the future value of $5,000 deposited annually for 5 years, assuming a 10% annual interest rate compounded once a year. You may want to use the Excel function for computing the future value of an annuity or an FV table of factors. Explain the meaning of future value of an annuity in your Excel spreadsheet.

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Financial Management, Finance

Category:- Financial Management
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