Question: I need the answer in two ways Via Excel with explaining the equations so that I can apply them in my Excel sheet. and normal

I need the answer in two ways Via Excel with explaining the equations so that I can apply them in my Excel sheet. and normal way

Exercise I (4 marks) Kamal decides to open a saving bank account and deposits RO 1,000 at the heginning of each year. ABC bank offers 5.5%5 interest rate Calculate the future value (FV) for each year, Re-calculate FV using excel finction. Plot ther 2 (4.5 marks) Exercise 2 (4.5 marks) Mondher will receive a threc-year anmuity of RO 500 per year, beginning at date 5. rate is 7%, what is the present value of his annuity? Use three different methods. Write wour ansuere below. Exercise 3 (4.5 marks) Toyota Company announced a new car financing scheme, As per the scheme, if you take a car loan of RO20,000 for four years the interest rate charged by the company will be only 2.75% per year. Write your answers below 1) Find the annual instalment to be paid (payment at the end of the period). (2 marks) 2) Create an amortization table. (2.5 marks)

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