Question: 5. Complete the table below that calculates the Future Value of $10,000 invested at 7% per year using periods from 1 to 10 years. The

5. Complete the table below that calculates the Future Value of $10,000 invested at 7% per year using periods from 1 to 10 years. The table also illustrates the value today of $10,000 to be received in the future from 1 to 10 years later using a discount rate of 5%. (Note: table is to be completed by appropriately copying the Excel formulas. Using Excel copy/paste functionality it should take just a few seconds to do it).

Number of

Number of

Number of

Number of

Number of

Number of

Periods

(Excel Formula)

(Algebra Formula)

(Excel Formula)

(Algebra Formula)

1

$10,700.00

$10,700.00

$9,523.81

$9,523.81

2

$11,449.00

$11,449.00

$9,070.29

3

4

5

6

7

8

9

10

$6,139.13

$6,139.13

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