Two companies are each making investment

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Reference no: EM131965185

Two companies are each making an investment. Company A has $80,000 to begin with. It is going to add $1000 a month into the account for the next 10 years. Company B is starting from scratch but will invest $2000 a month for the next 10 years. If both companies are investing at an 8% return, which company will have the most money at the end of that time?

Please use Excel formulas to solve the problem (NPER, I/Y, PV, PNT, FV)

Reference no: EM131965185

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