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How to use excel to predict interest
Hello,
I am trying to set up excel to predict what the value of an investment would be. It would be an initial investment (say $5,000) with a 4.5% interest yearly. I would also like to know how to factor in adding money to the fund at the beginning of each month. I would like this equation to factor for 5 years. Every time I use a finance function I get an error, and I do not know which to use. Any help would be greatly appreciated. |
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