Suppose That You Deposit $10,000 in an Account That Pays

question 71

Multiple Choice

Suppose that you deposit $10,000 in an account that pays 6% interest and you want to know how much will be in your account at the end of 10 years.To solve this problem in Microsoft Excel,you would use which of the following Excel formulas?

• A)=FV(.06,10000,0,10)
• B)=PV(.06,10000,0,10)
• C)=FV(.06,10,0,10000)
• D)=PV(.06,10,0,10000)