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Prepare an submit an Excel spreadsheet that calculates (40 pts): Yaritza invested $1,000 in a 1 year CD earning 2% Reinvested in year two at
Prepare an submit an Excel spreadsheet that calculates (40 pts): Yaritza invested $1,000 in a 1 year CD earning 2% Reinvested in year two at 2.2% Reinvested in year three at 2.4% Reinvested in year 4 in a two year CD at 2.75% (hint: it pays the same interest rate for two years) How much money does she have at the end? Suppose she instead had invested in a 5 year CD. What interest rate would it have had to pay in order to leave her the same amount of money in 5 years (to the nearest $1)
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