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If you invest $50 at the start of every year at 4% compounded annually, what is the value of the annuity at the end of 20 days?
Solved by A. W. in 20 mins
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Excelchat Expert
19/07/2018 - 11:52
Hello, I hope you are having a good day. I am here to help with your question.
Excelchat Expert
19/07/2018 - 11:53
so just to clarify
Excelchat Expert
19/07/2018 - 11:53
did you mean If you invest $50 at the start of every year at 4% compounded annually, what is the value of the annuity at the end of 20 years?
Excelchat Expert
19/07/2018 - 11:54
Are you with me?
Excelchat Expert
19/07/2018 - 11:57
you calculate the final value using the formula for Future value
Excelchat Expert
19/07/2018 - 11:58
the formula is =FY(rate, number of periods, payment per period, present value, 0 - for end of the period 1 for beginning of the period
Excelchat Expert
19/07/2018 - 11:59
the value is calculated in B5
Excelchat Expert
19/07/2018 - 11:59
Are you with me?
Excelchat Expert
19/07/2018 - 11:59
In case you are experiencing technical difficulties, this chart will be available for you for your reference.
Excelchat Expert
19/07/2018 - 12:00
I hope I answered your question satisfactorily.
Excelchat Expert
19/07/2018 - 12:00
Have a fantastic day :)
Excelchat Expert
19/07/2018 - 12:02
they payment at beginning of the period is calculated in cell B7
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