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Herschel Krustofski needs $10,000 in seven years. What annual rate of interest (please use two decimal places) would be required to achieve this goal if

Herschel Krustofski needs $10,000 in seven years. What annual rate of interest (please

use two decimal places) would be required to achieve this goal if he had the following

amounts to invest and made no further payments into the account?

a) $5,647

b) $4,978

c) $6,789

I have to enter into an excel spreadsheet like below:

Relevant Information
Annual Interest Rate
Periods Per Year
Number of Years
Needed Information
Present Value PV
Future Value FV
Payment PMT
Rate RATE
Number of Periods NPER

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