1) Margot has the opportunity to make 8.5% APY in her retirement account. She has $50,000 to invest today. How much will Margot's investment be worth in 35 years?

PV	$ 50,000.00
Rate	8.50%
Periods	35
Payments
FV

2) Walter has a neighbor who wants to borrow $10,000 to start a business. His neighbor has offered to pay Walter back in 15 years with an annual interest rate of 12%. Walter has a cousin who also wants to borrow $10,000 for 15 years but his cousin has offered to pay him 16% interest for the first 5 years, 12% interest for years 6-10, and 8% interest for years 11-15. After 15 years, how much money would Walter have from his neighbor? How much from his cousin? Who would you recommend Walter lend the money to? Assume interest is compounded annually in both scenarios. Don't copy and paste numbers, leave formulas in the cells so I can see your calculations.

	Neighbor		Cousin (1-5)		Cousin (6-10)		Cousin (11-15)
PV
Rate
Periods
Payments
FV