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| Thread ID: 5827 | 2000-09-19 10:50:00 | spreadsheets | Guest (0) | Press F1 |
| Post ID | Timestamp | Content | User | ||
| 6413 | 2000-09-19 10:50:00 | I need help to solve my 11 year old daughter's maths problem. 1.Using Excel (preferably) how do I work out and display a table for the following. ' If my daughter has an amount of $50.00 which she deposits into a bank account with an interest rate of 5% p.a. and then adds her pocket money of $10.00 per week to that account, what will be the balance in 7 years time when she turns eighteen.' The assumptions that are made are that the interest is only calculated at the end of each year and that no tax or fees are paid on the account. The table should display the opening balance, amount of money added during the year from 'pocket money', the amount of interest added and a closing balance. 2. |
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