Answer the question below in excel, what is the equivalent amount at theend of year 0, end of year X+2,andend of Year Nif:

a) X = 1

b) X = 3

Assume the interest rate is 10% compounded quarterly.

YearAmount

X$2,225.00

X+1$2,225.00

X+2$2,225.00

X+3$2,225.00

X+4$2,225.00

N = X+5$2,225.00