What is the future value of a single $5,000 investment made today invested for 12 years at 8.3% compounded annually? use excel

You hope to buy your dream car 5 years from now. Today, that car costs $71,000 but industry experts project that prices will increase by.an average of 3.25% per year over the next 5 years. How much will your dream car likely cost by the time you are ready to buy it? use excel

10. Your grandmother invested a lump sum for you 20 years ago earning an average of 7.5% per year over that time. Today, she gave you the proceeds of that investment which is now worth $74,337. How much did she originally invest? use excel