Question: I need all the answers Problem Solving Use Excel to solve the following problems. If necessary round all dollar figures to the nearest cent, all

I need all the answers

I need all the answers Problem Solving Use Excel to solve the

Problem Solving Use Excel to solve the following problems. If necessary round all dollar figures to the nearest cent, all percents to the nearest hundredth of a percent and all time to the nearest hundredth of a year. Be sure to label your answers. 36. Reggie takes out a small business loan to expand his cleaning services business. He borrows $22,000 for 2 years with a simple interest rate of 3.5%. Determine the amount that Reggie must repay after 2 years. 37. DeShawn borrows $100 from a friend and agrees to pay the friend back $130 in two months. What is the simple interest rate that DeShawn is paying on this loan? 38. Pieter van den Hoogenband gets a promotional deal from Speedo for $50,000 dollars. He invests a portion of the money in the stock market for 3 years. During that time the investment earns an average simple interest rate of 9.2%, and at the end of the three years the investment is worth $27,000. Determine how much of the original $50,000 Pieter invested. 39. Aidan borrowed 3650 from her bank for 18 months using a 11.25% discount loan. a) How much interest did Aiden pay back for the loan? b) How much did he receive from the bank? c) What was the actual interest rate he paid? 40. How much would you have to invest in an account that earned 6.5% interest if you wanted to have $1300 in 2 years

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