Question
Capital Investment Decisions and the Time Value of Money Fund future cash flows Samantha wants to take the next four years off work to travel
Capital Investment Decisions and the Time Value of Money Fund future cash flows Samantha wants to take the next four years off work to travel around the world. She estimates her annual cash needs at $30,000 (if she needs more, shell work odd jobs). Samantha believes she can invest her savings at 8% until she depletes her funds. Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Requirements 1 How much money does Samantha need now to fund her travels. a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign or parenthesis. 2 After checking with a number of banks, Samantha learns she'll be able to invest her funds only at 6%. How much does she need now to fund her travels? a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign or parenthesis. Saving & Submitting Solution 1 Save file to desktop. a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a. Navigate back to the activity window - screen where you downloaded the initial spreadsheet b. Click Choose button under step 3; locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results 1 Click on Results tab in MyAccountingLab 2 Click on the Assignment you were working on 3 Click on Project link; this will bring up your Score Card 4 Within Score Card window, click on Live Comments Report (lower right) to download spreadsheet with feedback 1. How much money does Samantha need now to fund her travels. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Money needed now to fund her travels? 2. After checking with a number of banks, Samantha learns she'll be able to invest her funds only at 6%. How much does she need now to fund her travels? (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Money needed now to fund her travels?
Please show work, this is an excel sheet. I am not sure how to get questions 1 and 2. Thanks.
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