Question: Complete the following problems using either the financial functions in Excel or the Present Value and Future Value formulas as noted below: PV = FV

Complete the following problems using either the financial functions in Excel or the Present Value and Future Value formulas as noted below:
PV = FV * 1 / (1+i)^n FV = PV * (1+i)^n
(1) If you wish to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%?

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