Professional Documents
Culture Documents
Interest rate 5%
No. of years 25 FV
Amount to be invested by the investor every year -$15,000 PV
Amount invested now -$500,000
RATE
NPER
PMT
Interest rate 5%
No. of years 25
Amount to be invested by the investor every year -$10,000
Amount to be attained at the end of 25th year $1,500,000
Interest rate 4%
No. of years 30
Amount to be invested now -$50,000
Amount to be attained at the end of 30th year $1,000,000