Finance Assignment | Top Essay Writing

Making an investment (FV Function): long term

You told Jane about your calculation result and Jane is very impressed by your ability of using the FV function. She says that she would like to save more. Now she wants to know if she is able to deposit $3,000.00 in a mutual fund account each year as a lump sum, and let it grow for 30 years, how much money would she receive at the end of 30 years.

Before she makes a decision about how much she would deposit for each year, she wants to do a comparison about how the initial deposit amount affect the end result. She figures out that she would be able to make the deposit between $2000 and $5000 each year. She will make the deposit at the beginning of each year.

how to prepare balance sheet from trial balance

She asks you to calculate this for her. Since the return (rate) of the mutual fund varies, sometimes it could be negative, we will just assume that the rate varies from 3.5% to 8%. Therefore, in your calculation, you need to include the following annual interest/return rate: 3.5%, 4%, 4.5%, 5%, 5.5%, 6%, 6.5%, 7%, 7.5%, 8%.

For the principal/deposit for each year, you will need to include: $2,000, $3,000, $4,000, $5000.

Use a table to calculate how much Jane would receive at the end of 30 years for different deposit amount and rates.

You must use the FV function.

You must use proper cell reference. You will set up the formula one Excel cell in such a way that you can drag and fill out the rest of the table. Get Finance homework help today

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more