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Mac Forum / Applications / Excel / September 2007interest calculator - NPV
I'd like to know which function to use for a simple savings account. rate is 5% nper is 25 years pmt is fixed $2,000 per annum I would like to have a column with current value for each year, 25 cells. NPV doesn't look right. Any thoughts? Actually, CDs are what I had in mind if anyone can help. Thanks. > I'd like to know which function to use for a simple savings account. > [quoted text clipped - 6 lines] > > NPV doesn't look right. Any thoughts? Use FV() For instance: A B 1 =FV(5%,A1,-2000,-2000,0) Copy B1 down to B25. thank you. |
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