BALANCE OF PAYMENTS
Please set your calculator to the following: 1 period per year. End-of-period payments. 4 significant digits. Excel PV Function =PV(I,N,PMT,FV) Excel FV Function =FV(I,N,PMT,PV) Questions: How much will 1¢ be worth in 100 years if you can earn 20% per year? How much will 1¢ be worth in 100 years if you can earn 21% per year? ................
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