Safari Reflect in ePor!olio Print Investment Calculator Spreadsheet Assignment 1 Task: View this topic CM out of 10 Investment Calculator Spreadsheet Assignment 1 You may choose to complete your...

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Answered Same DayNov 04, 2021

Answer To: Safari Reflect in ePor!olio Print Investment Calculator Spreadsheet Assignment 1 Task: View this...

Rajeswari answered on Nov 04 2021
149 Votes
1. Allow a user to input a regular payment,
an interest rate and a period of
investment, and will
output the future
value, the total interest earned, the
monthly contribution and the average
interest earned per year.
If a person puts regularly an amount say P for n months, say at the beginning of the month, the interest rate is r, then he would get
First P will remain for n months
Second P will remain for n-1 months
And so on.
Last P will remain for one month.
So interest earned would be = P*r/1200(n+n-1+…1)
=Prn(n+1)/1200 when simple interest is paid.
So total amount = P+Prn(n+1)/1200
For compound interest he would have
P(1+r/1200)^n+P(1+r/1200)^(n-1)+….
A geometric series
2. Allow a user to input a desired future
value, an interest rate and a period of
investment, and will output the amount
of regular contribution you would need
to make, as...
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