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can you help me solve this with excel? Q8. Timothy Paul LaBorde (F381, Fa'06, F382, Sp'07) is making a short-term, 2-year investment into a First
can you help me solve this with excel?
Q8. Timothy Paul LaBorde (F381, Fa'06, F382, Sp'07) is making a short-term, 2-year investment into a First Guaranty Bank Certificate of Deposit. If Tim deposits $10,000, the account earns 2.75%, and is compounded daily, how much will this CD be worth at maturity? Answer: $10,565.38. Instructions: You are to use the Assignment Spreadsheet #1 to answer the following questions. No "Values-Only" Spreadsheet with the Solutions is going to be provided, for this exercise, however, the final dollar-value or percentage answer is provided for your verification purposes. Thus, it is critical that you correctly fill in all required cells as part of the COMPLETE answer. 1) In the LILAC cell type the corresponding Question Number. 2) In the YELLOW cells enter the Variables required to calculate both the EQUATION BASED ANSWER and the FUNCTION. 3) Highlight the appropriate cell in BRIGHT GREEN that contains the EQUATION-BASED ANSWER 4) Insert the appropriate FUNCTION in the PALE BLUE cell. 5) Copy the FUNCTION from its cell into the adjacent TAN cell and convert it into text. 6) PV Answers calculated using an Excel FUNCTION must be shown as a negative number. Round all dollar amounts in answers to the nearest 50.01 (cent). If not specifically mentioned, assume returns are annually compounded and that any payments or deposits are received or made at the end of the period Step by Step Solution
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