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pls do it on excel: To get an idea just how powerful compound interest is compared to...

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Basic Math

pls do it on excel:

To get an idea just how powerful compound interest is comparedto simple interest, calculate the accumulated value of a $8000deposit after 0.10, 0.50, 0.80, 1, 3, 6, 12, 20, 30, 40 and 50years using rates of interest of 3%, 6% and 9%. For each interestrate, do SIX calculations: one assuming simple interest, and fourassuming compound interest rates of i, i (2) , i (4) and i (12) ,along with calculating the difference between the accumulatedvalues under compound interest at i and under simple interest (justthe i vs. simple interest, not the i (2), etc)

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