Question

Mr Venugoapl is planning to invest Rs. 10000 in the beginning of each year in an annual investment scheme. The interest rate is 8% and the term of the scheme is 10 years. Using FV function, nd out how much amount he will get at the expiry of the scheme.

Answer 1

Procedure: 

Step 1 – Open a new blank worksheet in LiberOffice Calc 

Step 2 – Enter the given detials and formula in diffemt cells

Output:

Future Value

156454.87