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QUESTION
need a spreadsheet to calculate the future value of $2,500 per year for 15 years followed by $3,000 per year for 10 years years at 7.
need a spreadsheet to calculate the future value of $2,500 per year for 15 years followed by $3,000 per year for 10 years years at 7.25%, assuming that the account starts off with an initial value of $18,375. All questions on this quiz should be answered based on that spreadsheet.
First question: What is the future value of this account?
How much interest is earned in year 10?
