Question: Help needed please. must be in excel. by EXCEL is correct. EXERCISE 3.7 1. Assume that the annual return is 6%. Assume that you deposit

Help needed please. must be in excel.

Help needed please. must be in excel. by EXCEL is correct. EXERCISE

by EXCEL is correct. EXERCISE 3.7 1. Assume that the annual return is 6%. Assume that you deposit 12,000 on 1/1/2002, what is the ending balance as of 12/31/2002? 2. You added 5,000 on 1/1/2003, what is the ending balance on 12/31/2003? 3. Assume no activities in year 2004, and 2005, what is the ending balance on 12/31/2005? (Ans. 21,104.8) 4. Use the IRR function to compute the above investment from 1/1/2002 thru 1/1/2006, as mentioned in exercise 1 thru 3. Verify that the return is 6% as mentioned in exercise 1. 1/1/2002 - 12000 1/1/2003 -5000 1/1/2004 ol 1/1/2005 1/1/2006 21104.8

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