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# **What savings grow to with FV**

In B5, work out what the savings grow to with FV: the monthly rate, the number of months and the monthly deposit as money going out, FV(B3/12,B4\*12,-B2).

B5fx

|  | A | B | C | D | E | F |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Savings plan | Value |  |  |  | |
| 2 | Saved each month | 500 |  |  |  | |
| 3 | Interest rate per year | 0.04 |  |  |  | |
| 4 | Years | 10 |  |  |  | |
| 5 | Balance at the end |  |  |  |  | |
| 6 |  |  |  |  |  | |
| 7 |  |  |  |  |  | |
| 8 |  |  |  |  |  | |

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