How do I set this up in a table in excel? 3-51 Mona Persian is...
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How do I set this up in a table in excel? 3-51 Mona Persian is considering a new investment fund with a semiannual interest rate of 2.5%. Any money she invests would have to be left in it for at least five years if she wanted to withdraw it without a penalty. (a) What is the nominal interest rate? (b) What is the annual effective interest rate? (c) If Mona deposits $10,000 in the fund now, how much should it be worth in five years? Contributed by Gillian Nicholls, Southeast Missouri State University


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