Hello,

I really need help with the following 5 questions:

1.At what annual rate of return can you triple your money in8years if interest is compounded monthly?

2.At what annualrate of return can you quadruple(means4times)your money in16 years,if interest is compounded quarterly?

3.How many periods will it take you to quadruple(means4times)your money at7%,if interest is compounded semi-annually?how many years will it take?

4.What is the present value of$15,500received in10years if interest of1%is compounded monthly?

5.What is the present value of$22,000received in5years if interest of1%is compounded quarterly?

I need the answer to be provided in excel because I need to know how to do the rest of my problems myself. I need to know if formula FX , PV or RATE was used and the answer must be broken down using excel as below:

NPER

RATE

PV

PMT

FV

Thanks so much.