HW6.pdf Download Print Save to OneDrive Date Assigned: Thursday, June 04, 2020 Date Due: Monday, June 08, 2020 before class. No late homework will be accepted. . Homework 6 Please notice that all work must be shown in a professional way with attention to detail No credit will be given for incomplete or disorderly work Please use a cover sheet stating your name, course number, date due, and homework number Unstopled homework will not be collected as this is part of the assignment All work must be individual with emphasis on numerical accuracy This is an Excel based assignment that must be submitted following the stated guidelines Please notice that lote homework (after collected by the instructor) will incur into a 25% late fee . . . . 1. Exercise One: Compute the Future Value of 100 USD (U.S. Dollars), 175 years from today, if the interest rate is 2.75%, assuming: (a) simple interest, (b) daily compounding, (c) verify all your discrete compounding answers by using the FV function, (d) continuous compounding. 2. Exercise Two: Compute the Present Value of 1,000,000 USD (U.S. Dollars), received 150 years from today, if the interest rate is 2.25%, assuming: (a) simple interest, (b) daily compounding, (c) verify all your discrete compounding answers by using the PV function, (d) continuous compounding. BUS 210 BMCC