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Please solve using Excel. Demonstrate procedure. Thanks! Suppose that you deposit $75 at the...

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Accounting

Please solve using Excel. Demonstrate procedure. Thanks!image

Suppose that you deposit $75 at the end of each month into an account paying an expected annual rate of return of 3.5%, compounded monthly. How much money will you have in the account in 4 years? Answer Use the appropriate formulas and Excel function to solve the problem (typed-in solutions receive 0 credit) N I PV PMT FV

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