Question
In sheet “growing annuity”, fill out PV and FV of in “Annuity in Advance” part, both...
In sheet “growing annuity”, fill out PV and FV of in “Annuity in Advance” part, both Tables and Formulas.
Given annual saving, length of investment, and annual interest rate, and saving growth rate, calculate the PV and FV of this growing annuity, if the growing annuity is in arrears, or in advance. Calculate the results using both year-by-year sum and function.
| Annual saving | $1,000 |
| Number of years | 10 |
| Annaul Interest rate | 8.00% |
| Annual saving Growth rate | 4.00% |
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