you deposit 800 in a CD acccount with interest rate of 5%. what is the future...

you deposit 800 in a CD acccount with interest rate of 5%. what is the future value in 6 years?

Expert Solution

Calculations-

Here,
Fv is the future value of amount invested
rate is the periodic interest rate
nper is no. of periods
pmt is the periodic payments
Pv is the present value of investmet
type = 0 if the amount is paid at the end of the year ,1 if it is paid at the beginning.

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jeff jeffy answered 2 years ago

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