In: Finance
Produce a well-labeled Line chart that illustrates the difference in obtaining fixed annual compound interest rates of 5%, 10%, and 15% on an investment of $100,000 over the course of 10 years. Your chart should show three curves: the value of the investment growing at 5% per year, 10% per year, and 15% per year.
*Must complete in excel
WORKINGS
5% | 10% | 15% | |
Year | Investment | Investment | Investment |
0 | 100000.00 | 100000.00 | 100000.00 |
1 | 105000.00 | 110000.00 | 115000.00 |
2 | 110250.00 | 121000.00 | 132250.00 |
3 | 115762.50 | 133100.00 | 152087.50 |
4 | 121550.63 | 146410.00 | 174900.63 |
5 | 127628.16 | 161051.00 | 201135.72 |
6 | 134009.56 | 177156.10 | 231306.08 |
7 | 140710.04 | 194871.71 | 266001.99 |
8 | 147745.54 | 214358.88 | 305902.29 |
9 | 155132.82 | 235794.77 | 351787.63 |
10 | 162889.46 | 259374.25 | 404555.77 |