Question: https://youtu.be/733mgqrzNKs https://youtu.be/TDpuYH7d7Nc TVM Spreadsheet Problems . Use the youtube link to solve for the problems 5-14 to 5-19 . 5-14. How much will $20,000 invested

https://youtu.be/733mgqrzNKs

https://youtu.be/TDpuYH7d7Nc

TVM Spreadsheet Problems. Use the youtube link to solve for the problems5-14 to 5-19.

5-14. How much will $20,000 invested today at 3 percent interest be worth in 5 years if it is compounded annually? Monthly?

5-15. If we receive $5,000 eight years from now, how much is that equivalent to today if we believe that we can earn 5 percent on other opportunities?

5-16. If you have $8,500 today and you could earn 3 percent interest per year, how many years would it be before you would accumulate $10,000? Assume annual compounding.

5-17. How much must you put into a 5 percent investment annually to have $75,000 eight years from now? Assume all payments are made at the end of each period.

5-18.If you could put $5,000 into a 6 percent investment at the end of each year, how much money could you take out at the end of 7 years?

5-19. Suppose your parents have just retired and have $1 million in a retirement account. For how many years can they withdraw $5,000 at the beginning of each month for expenses, if the account will continue to earn a 5 percent annual return until it is exhausted?

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