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please explain using excel! thank you 8. You just won some money in the lottery and would like to save a portion of it so

please explain using excel! thank you image text in transcribed
8. You just won some money in the lottery and would like to save a portion of it so that you will have $50,000 to put a down payment on a house in five years. Your bank pays a 5% rate of interest. How much money will you have to set aside from the lottery winnings? 9. How much will $25,000 grow in five years at a 5% annual rate that is compounded quarterly? 10. You are considering four possible options for your new savings account. You plan to deposit $13,000 and leave this amount in the account for 20 years with no additional deposits or withdrawals. All of these account options would earn 6% interest, but each one has a different compounding frequency, listed below. What would be the value of each account at the end of the 20 year period? 1. Annually 2. Semiannually 3. Quarterly 4. Monthly

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