I presently have $10,000 in the bank. At the beginning of eachof the next 20 years, I will invest $4,000, and I expect to earn 6%interest per year. After 20 years I pay $15,000 in closeout fees onon the investment. At the end of the investment and fees how muchmoney will I have? (answer $108,900).
I was given the answer from the professor I just need to knowhow to calculate this answer on Excel with formulas.
