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I dont onow how to put mt answers in an excel sheet with the proper formulas to show the work. please assist Q1) (1 point)
I dont onow how to put mt answers in an excel sheet with the proper formulas to show the work. please assist
Q1) (1 point) How much will $3,000 invested at a 3% simple interest be worth in 3 years? Round to the nearest whole number (e,9,5123) Principal arnount =$3000 Q2) (1 point) If we receive $7,000 six years from now, how much is that equivalent to today, if we believe that we can eam 4% on other opportunities? Round to the nearest whole number (e.9,$123) 55532 Q3) (1 point) If you have $37,500 today and you could earn 8% interest per year, how many years would it be before you would accumulate $100,000 ? It would take approximately 13 years to accumulate $100,000 at 8% interest por year, starting with an initial investrent of 537,500 . Q4) (1 point) Paula Morduch is considering purchasing a new van for Meals for the Homeless. She. expects to buy the van for $35,000 three years from today. If she can inwest money at an annual rate of 7% compounded semiannually, how much must she invest today? Round to the nearest whole number (0,9,$123) Paula must invent approximately $28,473 today in order to have 535,000 in three years at an annual interest rate of 7 thempounded samiannually. Q5) (1 polit) Paula Morduch is consldering purchasing a new van tor Meals for the Homeless. She believes-they can only set aside 521,500 tooday to buy the now van in 2 years. She thinks she can imest the money for an anntal rate ct 88 compoundod quartart. How much money will she have after 2 years? Pound to the neatest whole number (o g (5123) Account batance alter two yeers at annuat rato of 85 compounding quarterly is $21591 Step by Step Solution
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