1. Find the correct excel formula to find the total in a retirment account: Monthly Amount...

1.

Find the correct excel formula to find the total in a retirment account:

Monthly Amount = $1250

Interest Rate = 2.0%

Years in Account = 12.3

2. How much interest did you gain if you invested in a retirement plan with a rate of 2.5% over 42 years? Your monthly deposits totaled $520.

Expert Solution

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

ekkarill92 answered 1 year ago

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