J
Jolanta
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
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