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Please solve the questions on Microsoft Excel 1. You want to set aside 5% of your income from your bi-weekly paycheck and watch it grow.
Please solve the questions on Microsoft Excel
1. You want to set aside 5% of your income from your bi-weekly paycheck and watch it grow. If you wanted to know how much money that would be worth in 5 years, would you use present or future value? 2. What is the present value of $792 four years from now using a 3% discount rate? 3. What is the future value of $500 in 35 years if you receive an 8% rate of return? 4. If you receive monthly bank interest of .08\%, how much would $1,000 be worth 3 years from now? 5. You received a $100 Treasury bond from your grandfather. It will mature (acquire the full value of $100 ) in 30 years. If you assume that your grandfather will get a guaranteed 3.5% rate of return, how much money must he have paid for the bondStep by Step Solution
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