Question: Hello, can you please help me to solve these problems in the excel? SAVE YOUR FILE AS LASTNAMEFIRSTNAME NAME Due date 12-Jun Points 100 REQUIREMENTS
Hello, can you please help me to solve these problems in the excel?
| SAVE YOUR FILE AS | LASTNAMEFIRSTNAME | |||
| NAME |
| |||
| Due date | 12-Jun | |||
| Points | 100 | |||
| REQUIREMENTS TO OBTAIN ALL 100 POINTS | ||||
| Answers MUST be derived using a formula OR Excel function. | ||||
| Just typing in your answer derived using your calculator will NOT result in any points. | ||||
| You MUST FORMAT ALL of your interest rates as PERCENTAGES with 2 DECIMALS. | ||||
| You MUST FORMAT ALL of your dollar amounts as CURRENCY with 2 DECIMALS. | ||||
| You MUST display all of your answers in the blue shaded cells below. | ||||
| For questions 1 - 4 use a required nominal annual return: | 5.00% | |||
| 1. Consider a 1-year CD. | Principal value | $5,000.00 | ||
| What is the future value of the CD in 1 year AND what is the effective annual rate? | ||||
| Future Value | EFF | |||
| a. annual compounding? | ||||
| b. semi-annual compounding? | ||||
| c. quarterly compounding? | ||||
| d. monthly compounding? | ||||
| e. daily compounding? | ||||
| 2. Rework problem #1 assuming a 5-year CD with $5000 principal. | ||||
| Future Value | EFF | |||
| a. annual compounding? | ||||
| b. semi-annual compounding? | ||||
| c. quarterly compounding? | ||||
| d. monthly compounding? | ||||
| e. daily compounding? | ||||
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