use excel formula please Tanya Cartman invests $24,000 each year in a...
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use excel formula please
Tanya Cartman invests $24,000 each year in a fund that earns 7% annual interest, compounded annually. If the first payment into the fund occurs at the beginning of the year, what amount will be in the fund after eight years? Draw a timeline to illustrate the problem. What amount will be in the fund after eight years? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest cent, $X.XX.) After eight years the fund will have
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