Using Financial Formulas in Excel, answer the following problems in a single Excel worksheet Round to the nearest dollar Please show formulas ) If you deposit $5,000 at the end of each year for 10 years in an account that pays an annual interest rate of 2 , what will your account be worth at the end of 5 years You decide that you need $63,000 in 7 years to make a down payment on a house You plan to make annual fixed deposits to achieve your goal If the interest rate is 1 5 , how much should be deposited each time Hint use the Financial Function PMT to solve for the payment, and PV will be zero You owe $20,000 to your parents You promise to make 8 annual payments of $3,000 to settle your debt What interest rate are your parents charging (estimated up to 2 decimal places), if you make the 8 annual payments beginning one year from now Hint use the Financial Function RATE Note if you need help use the Help on this function feature This help will include an example for you to follow You are offered an investment that will pay $12,000 per year for 15 years, beginning one year from now If you feel that the appropriate discount rate is 1 2 , what is the investment worth to you today Your grandparents offered you some money via the following options Assuming an annual interest rate of 12 , which option should you choose Show your work Receive $10,000 immediately Receive $1,000 at the end of each six months for seven years This results in payments totaling $14,000 You will receive the first check in six months Receive $500 at the end of each year for four years, and then $10,000 at the end of the fifth year This results in payments totaling $12,000

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Using Financial Formulas in Excel, answer the following problems in a single Excel worksheet. Round to the nearest dollar.

Please show formulas. :)

If you deposit $5,000 at the end of each year for 10 years in an account that pays an annual interest rate of 2%, what will your account be worth at the end of 5 years?

You decide that you need $63,000 in 7 years to make a down payment on a house. You plan to make annual fixed deposits to achieve your goal. If the interest rate is 1.5%, how much should be deposited each time? Hint use the Financial Function PMT to solve for the payment, and PV will be zero.

You owe $20,000 to your parents. You promise to make 8 annual payments of $3,000 to settle your debt. What interest rate are your parents charging (estimated up to 2 decimal places), if you make the 8 annual payments beginning one year from now? Hint use the Financial Function RATE. Note if you need help use the Help on this function feature. This help will include an example for you to follow.

You are offered an investment that will pay $12,000 per year for 15 years, beginning one year from now. If you feel that the appropriate discount rate is 1.2%, what is the investment worth to you today?

Your grandparents offered you some money via the following options. Assuming an annual interest rate of 12%, which option should you choose? Show your work.

Receive $10,000 immediately
Receive $1,000 at the end of each six months for seven years. This results in payments totaling $14,000. You will receive the first check in six months.
Receive $500 at the end of each year for four years, and then $10,000 at the end of the fifth year. This results in payments totaling $12,000.