For each of the following problems, create a worksheet in Excel to solve the problem with the NPV function. In addition to finding NPV, in each problem state whether or not it is a good investment. Youll be posting your solutions in the discussion board.

A student is considering investing in a snow blower to make money while he goes through school next year. He is going to buy the snow blower at the end of February (Initial Investment) and start cleaning driveways in March and then start again next November. He has estimated the following expenses and revenues. Initial purchase of the snow blower $499.99. Monthly expenses in November and March for gas and maintenance: $10.00 each month. Monthly revenue from cleaning driveways in November and March: $80.00 each month. Monthly expenses in December, January, and February for gas and maintenance each month: $20.00. Monthly revenue from cleaning driveways in December, January, and February: $160.00 each month. Revenue from selling the used snow blower at the end of the month next February:Page 5 of 5 $250.00. If he doesnt invest in the snow blower, he will pay off a loan which is charging 18% annual interest, compounded monthly.