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Can someone show me the correct excel formula to answer these questions? 9. You want to quit your job and go back to school for
Can someone show me the correct excel formula to answer these questions?
9. You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? Rate Periods Payment Future value Present value Note: Since your deposits will be "beginning immediately," this is an annuity due and must be treated as such. There are several more annuities due in the problems below. Answer 10. You want to quit your job 3 years from now and sail around the world. You plan to save $7,000 per year, beginning today. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today? Rate Periods Payment Future value Present value Answer 11. What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%? Rate Periods Payment Future value Present valueStep by Step Solution
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