Your great uncle Zeus has died unexpectedly and left you a bank CD in his...
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Your great uncle Zeus has died unexpectedly and left you a bank CD in his will. The CD was purchased 10 years ago for $12,000 and pays 6% per year compounded annually. Write an Excel formula or function in cell J3, which can be copied down to the cells J4:J7, to determine (TRUE or FALSE) if you have enough money to purchase this car without any financing. You will not have any cell references for the financial function so just hard-code the numbers for it. (Hint: Use the FV() function here and check its result to see if it is greater than or equal to the selling price for each vehicle
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