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Calculating the payment for an ira plan

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Reference no: EM132478446

What is this formula FV(rate/26,nper*26,pmt) most likely doing?

  • Calculating the payment for an IRA plan where contributions are made every other week.
  • Calculating the Present value of a 401 k plan where an employee who is paid biweekly has his employer deduct a set amount out of each check and invest it on the employee's behalf.
  • Calculating the future value of a 401k plan where an employee who is paid biweekly has his employer deduct a set amount out of each check and invest it on the employee's behalf.
  • This formula will return an error.

Reference no: EM132478446

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