You want to know how many years it will take you to accumulate $1,216.65 if...
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You want to know how many years it will take you to accumulate $1,216.65 if you invest $1,000.00 in an investment that pays annual interest at 4%. a) Use the NPER function in Excel to calculate the number of periods if you invested $1,000 today in an investment that pays 4% and will accumulate $1,216. b) Now use the present value or future value tables as shown in the text to calculate the number of years is will take.
You want to know how many years it will take you to accumulate $1,216.65 if you invest $1,000.00 in an investment that pays annual interest at 4%.
a) Use the NPER function in Excel to calculate the number of periods if you invested $1,000 today in an investment that pays 4% and will accumulate $1,216.
b) Now use the present value or future value tables as shown in the text to calculate the number of years is will take.
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