Using Excel
First Deposit at EOY 0 | 9000 |
Second Deposit at EOY 3 | 9000 |
Third Deposit at EOY 4 | 9000 |
interest rate for 3 yr | 6% |
interest rate for 4th yr | 11% |
interest rate from 5th to 8th yr | 9% |
Value of deposit at EOY 3 | 19,719.14 |
Value of deposit at EOY 4 | 30,888.25 |
Value of deposit at EOY 8 | 43,601.29 |
Showing formula in excel
First Deposit at EOY 0 | 9000 |
Second Deposit at EOY 3 | 9000 |
Third Deposit at EOY 4 | 9000 |
interest rate for 3 yr | 0.06 |
interest rate for 4th yr | 0.11 |
interest rate from 5th to 8th yr | 0.09 |
Value of deposit at EOY 3 | =FV(C5,3,,-C2)+C3 |
Value of deposit at EOY 4 | =FV(C6,1,,-C8)+C4 |
Value of deposit at EOY 8 | =FV(C7,4,,-C9) |
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