Question: * * * * * ( PLEASE ANSWER ON EXCEL AND SHOW FORMULAS ) * * * * * ( 1 ) You plan the

*****(PLEASE ANSWER ON EXCEL AND SHOW FORMULAS)*****
(1) You plan the following deposits into your bank account: $500 next year, $1,000 the following year and $2,000 the year after that. If you can earn an annual rate of return of 8%, what one-time deposit would you need to support the indicated withdrawals? Enter the rate, the cash flows and the answer in the indicated cells in column B. Be sure that all dollar figures in column B are displayed as positive values.
(2) If the withdrawals in Question 1 were deposits instead and you could earn 8% per year, what would your balance be immediately after your last deposit? Be sure that your answer is displayed as a positive value.
 *****(PLEASE ANSWER ON EXCEL AND SHOW FORMULAS)***** (1) You plan the

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