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You are required to solve the following questions using Excel. Your answer for each question should be written in the following format: (a) Line
You are required to solve the following questions using Excel. Your answer for each question should be written in the following format: (a) Line 1: Excel syntax (e.g. =PMT(x%, x, -xxx,,0) to produce a positive result for Line 2 Line 2: Numerical answer in 2 decimal places (e.g. $xxxx.xx) If a company's sales revenue in 2023 was $2 million and it grows at 13% per year, what will be sales revenue 5 years later? (3 marks) (b) Suppose an investment will pay you $13,000 four years from now. The interest rate on this 4-year investment is 4.5%, how much is the investment worth today? (3 marks) (c) Daisy inherited $200,000 and invested it at 6.25% per year. How much could Daisy withdraw at the end of each month over the next 15 years? (3 marks) (d) Iris borrowed $80,000 with interest rate 4.8% and to be repaid in five equal annual payments at the end of each year. What is principal repaid amount in the third repayment? (3 marks)
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