6. Brad Pitt is creating a college investment fund for his daughter. He will put...
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6. Brad Pitt is creating a college investment fund for his daughter. He will put in $1,000 per year for the next 15 years and expects to earn a 6% annual rate of return. How much money will his daughter have when she starts college?
7. You will invest $5,000 at the beginning of each year for the next 9 years. The interest rate is 8 percent. What is the future value?
These require excel formulas
for 6 i got
| $23,275.97 |
for 7 i got
| $62,437.79 |
Im not sure if these are correct.
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