It's time to play with numbers and excel. Figure out how much should you invest daily, such that is becomes a $1 million dollars in 30 years. Use of the following formulas
- PV=(rate, nper, pmt, FV)
- FV=(rate, nper, pmt, PV).
- PMT =(rate, nper, pv, fv).
Pick a rate that is between 6% and 8%.
This discussion will be graded on how well you show your work and ofcourse whether or not the answer is correct.