You decide to buy a Van Cleef & Arpels platinum necklace with a diamond snow flake pendant for $71,000. You will be getting a $100,000 settlement from a law suit in three years. If interest rates are 4%, and you sell the settlement now, will you have enough to buy the necklace? Justify your answer.

. You tell the person selling the necklace that youll buy the necklace now if you can pay him $15,000 next year, $20,000 in two years, and $25,000 in three years. Using a 4.5% interest rate, should the owner accept your offer? Justify your answer. Use excel