The purpose of this assignment is to allow the students to understand and practice the measurement of present value, future value, and interest rate using MicrosoftExcel.

Suppose you bought a house for $3,250,000 to make it a nursing home in the future. But you have not committed to the project and will decide in nine years whether to go forward with it or sell off the house. If real estate values increase annually at 1.5%, how much can you expect to sell the house for in nine years if you choose not to proceed with the nursing home project? Explain

Need the answer to the Formula to enter and the final answer: