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The FV function
This is a silly question but I can't get it to work
I put 1000 dollars in the bank (one time installment). I get 4% annual interest. And I keep the money in the bank for 17 years. On paper the answer is 1000 x 4% = 40 x 17 = 680 dollar + the initial amount of 1000 = 1680 How can I put these numbers into the FV Function of Excel Rate ? Nper ? PMT ? PV ? Type 1 Thanks a lot for your help |
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