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Please show formulas and solutions on excel 7. What is the future value of a single $6,000 investment made today invested for 10 years at

image text in transcribedPlease show formulas and solutions on excel

7. What is the future value of a single $6,000 investment made today invested for 10 years at 9.5% compounded annually? 8. You would like to move out of a rental apartment and buy a new home 4 years from now. Today, a typical home with the right size, number of bedrooms, and neighborhood for your needs costs $285,000 although Zillow project that prices will increase by an average of 3.5% per year over the next 4 years. How much should you plan on the house costing by the time you are ready to buy it? 9. Your grandmother invested a lump sum for you 20 years ago earning an average of 3.75% per year over that time. Today, she gave you the proceeds of that investment which is now worth $41,763. How much did she originally invest

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