Question

In: Finance

Produce a well-labeled Line chart that illustrates the difference in obtaining fixed annual compound interest rates...

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

Solutions

Expert Solution

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


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