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1. If you purchase a parcel of land today for $25,000, and you expect it to appreciate 10 percent per year in value, how much

  • 1. If you purchase a parcel of land today for $25,000, and you expect it to appreciate 10 percent per year in value, how much will your land be worth 10 years from now assuming annual compounding?

  • 2.Ifyoudeposit$50permonthinabankaccountat10percentannualinterest(compoundedmonthly),howmuchwillyouhaveinyouraccountattheendofthe12thyear?

Please complete the answers using excel.

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