Apply in excel spreadsheet and please provide the functions for the spreadsheet with cell functions for Question #2 ?

You bought a Mega Millions ticket (with Megaplier) and found out that you just missed thejackpot by 1 number, as the second prize winner, you received $5 million. After paying taxes, buyinga Maserati, a yacht, and a nice house, you are left with about $1 million. According to statistics,nearly 1/3 of lottery winners declare bankruptcy at one point in their lives, you dont want to be oneof them. Now you decide that you are going to blow the rest of your money like a pro!

1. Starting now, you want to put down some money once a year for 30 years to a savingsaccount as a raining day fund. Today you will put down the first saving: $5000, and the amount willgrow at 3% every year after that. The savings account with Bank of America offers you 0.03%annual interest rate. You want to know (1) How much is your rainy day fund worth in todaysdollars? (2) How much will you accumulate in your rainy day fund after 30 years?

2. Theres a piece of land (0.44 acres) for sale just off Kennedy Blvd, and you are thinking aboutbuying the land, developing it into an office building and then selling it. The seller of the land askedfor $600,000. The general contractor says that he can develop it for you and build the office in justone year. You plan to do a month-by-month capital budgeting and see if you should proceed withthis investment. If you buy the land today, your cost is the price of the land plus 2% fee for titling,real estate broker, etc. Starting in month 1, your general contractor will take care of the rest,including site development and construction. He asks for $40,000 per month for everything. After12 months, the building will be done and you will try to sell it for $2 million. You agree to pay 5% toyour real estate agent when its sold. Your income tax rate is 33%. You also think the appropriatediscount rate for this project is 8% annually. Now you have all the numbers in front of you, youwant to (1) Decide whether you should take this investment or not. (2) Create a NPV profile (3) Doa sensitivity analysis and scenario analysis to get a better picture of the risk you are facing. (4) Youmight not be able to afford the cost of construction towards the end, you need to get a $100,000loan from the bank. After talking to Fifth Third Bank, they agreed to offer you a 10-year loan of$100,000 with fixed monthly payments and floating interest rates. Your interest rates will be 3.5%for the first 2 years, 3.2% for the next 3 years, 3% for the last 2 years and 2.8% for the last 3 years.You want to create a loan amortization table to figure out what your payments look like.