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Please provide answers in EXCEL with formulas following the format provide below. Thank you Steve has a son who turned five years old today. Steve
Please provide answers in EXCEL with formulas following the format provide below. Thank you
Steve has a son who turned five years old today. Steve wants to give his son a gift on his
birthday seventeen years from today that will pay for rent on an apartment in London,
England for years. He expects the rental price to be $ for the first year due at the end
of the year and grow at each year afterward. The discount rate is Total Points
a How much money does Steve need to give his son on his birthday? points
b If Steve wants to invest the same amount of money into an account at the beginning of
each year starting today for the next seventeen years, how much must he invest each
year? The account earns each year. points
c Steve is not sure when he will be able to start investing money. Create a vertical data
table listing the yearly investment amount needed for the number of investment years
between and in year increments. points
d Create a twodimensional table giving the investment amount needed for different
number of investment years and growth rates for rental prices. The vertical dimension
should be investment years between and in year increments. The horizontal
dimension should be rental growth rates between and in increments of
points
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