Using excel formulasyour grandparents opened an account for, Ask an Expert

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Using excel formulas

Your grandparents opened an account for you when you were born, twenty years ago. They deposited $2,000 into the account at that time. If the account earned 4.5%, compounded annually, what is the balance in the account now (on your 20th birthday)?

Also, calculate the FV for each year (1-20) and create a line graph illustrating the increase from your birth through year 20. Be sure to label your axes and include a chart title.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91529080

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