Part 1:

1. 1) In the excel file, the first worksheet of the file should be named Part 1.

2. 2) In cell A1 write out the formula to calculate present value.

3. 3) In this exercise you will calculate the Present Value based on the following parameters:

   a. X = $14,000 b. N=5years c. r = 7.5%

4. 4) Using the same parameters as #3 above also show the proof that the present value equals future value.