Using excel formulas
Your grandparents opened an account for you when you were born, twenty years ago. They deposited $2,000 into the account at that time. If the account earned 4.5%, compounded annually, what is the balance in the account now (on your 20th birthday)?
Also, calculate the FV for each year (1-20) and create a line graph illustrating the increase from your birth through year 20. Be sure to label your axes and include a chart title.