Multiple Choice
When using EXCEL to find the future value of $2,000 invested in an account that would earn interest of 7.5% for 18 years, the correct entry would be
A) =FV(7.5,18,0,-1,000) .
B) =PV(.075,18,0,-1,000) .
C) =FV(7.5,18,0,1,000) .
D) =FV(.075,18,0,-1,000) .
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q70: As the compound interest rate increases, the
Q71: What is the present value of $12,500
Q72: If you want to have $90 in
Q73: When using a financial calculator, which of
Q74: An increase in _ will decrease present
Q76: The present value of a future sum
Q77: Shorty Jones wants to buy a one-way
Q78: An increase in future value can be
Q79: If you want to have $1,700 in
Q80: Which of the following provides the greatest