Question
Please answer questions in EXCEL or EXCEL sheet format 3. [EXCEL] Future value with multiple cash flows: You are a freshman in college and are
Please answer questions in EXCEL or EXCEL sheet format
3. [EXCEL] Future value with multiple cash flows: You are a freshman in college and are planning a trip to Europe when you graduate from college at the end of four years. You plan to save the following amounts annually, starting today: $625, $700, $700, and $750. If you can earn 5.75 percent annually, how much will you have at the end of four years?
4. [EXCEL] Present value with multiple cash flows: Saul Cervantes has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,450, $8,500, $9,675, $12,500, and $11,635. If the appropriate discount rate is 10.875 percent, what is the cost in today's dollars of the equipment Saul purchased today?
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