Question: Complete on Excel Spreadsheet - please show formulas inputted You want to buy a car in five years and a boat in ten years. Today,

Complete on Excel Spreadsheet - please show formulas inputted

You want to buy a car in five years and a boat in ten years. Today, the car and boat cost $5,000 and $10,000, respectively. The price of the boat and car will grow by 4% each year. How much money do you need to put away each year (equal payments at the end of the year) for the next three years, to have enough money saved to buy the boat and car? You will receive 10% interest compounded annually.

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