Answer using Excel: Show steps

In 2005, Fernando put $3,000 in a savings account that pays 1.5%. Inflation is 3%. a) At the end of the year 2020, how much money is in the account in current dollars? $____Answer. b) Express the answer to part (a) in terms of the purchasing power of the dollar in 2005: $___Answer. To receive credit results must match submitted procedures.

c) Send the calculations made to arrive at the answers through the area provided. Calculations sent and answer in parts (a) and (b) have to match.