Calculate monthly interest rate calculate the total saving


John Doran starts a full-time job at age 25. He is looking for his retirement plan. John wonders how much money he could accumulate by age if saves money now and invest money into a savings account, $250 per month. The annual interest rate is 5% compounded monthly. Could you help John to calculate his toal worth from his savings at age 65?

Calculate Monthly Interest rate? Calculate the total saving deposit terms?

Use functinoal Notation to find Fv

Use Excel to calculate the FV

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Financial Management: Calculate monthly interest rate calculate the total saving
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