Question: A. Solve using a spreadsheet program such as Excel. Indicate the spread- sheet formula showing numeric val- ues rather than cell references. For example,

A. Solve using a spreadsheet program such as Excel. Indicate the spread- sheet formula showing numeric val- ues rather than cell references. For example, for the value that $100 today could grow to in 2 years, assuming 10 percent annual compounding, the spreadsheet solution formula would be =FV(10%, 2, 0, 100). Note that since there is no annuity payment (PMT) in this problem, it is necessary to show the blank between two commas or a zero after the number of periods. In addition, answer the questions using formulas with cell references. B. Solve using a financial culator. This is optional. 5-14. How much will $20,000 invested today at 3 percent interest be worth in 5 years if it is compounded annually? Monthly?

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