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If you invested $1 today an interest rate of 7%, and the interest compounded annually, how...

If you invested $1 today an interest rate of 7%, and the interest compounded annually, how much would your dollar be worth in 5 years? Round your answer to two decimal places. show work with excel use control ~

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Answer #1
Present Value $                                                1.00
Rate 7%
Years 5 years
Compounding period per year 1
FV(rate,nper,pmt,pv)
Future Value= FV(7%,5,0,-1)
Future Value= $                                                1.40
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