Question: Can someone please help with problems? (Excel formulas pleaseee)* Assume the compounding period suggested by the problem. Assume that payments are end of period payments.
Assume the compounding period suggested by the problem. Assume that payments are end of period payments. 1. Assume that you win a scholarship for $18,000. Ignoring taxes, how much will your investment be worth in 8.5 years if you can earn a 7% return per year assuming annual compounding? How about if you can earn 11% ? 2. You are promised a $28,000 bonus to be received three years from now. At that time, you invest it in a fund that yields an 8% annual return. Assuming that you add nothing more to the account, what will it be worth 27 years from now, assuming annual compounding
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