Question: * * * * * ( PLEASE ANSWER ON EXCEL AND SHOW FORMULAS ) * * * * * ( 1 ) You plan the
PLEASE ANSWER ON EXCEL AND SHOW FORMULAS
You plan the following deposits into your bank account: $ next year, $ the following year and $ the year after that. If you can earn an annual rate of return of what onetime 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.
If the withdrawals in Question were deposits instead and you could earn per year, what would your balance be immediately after your last deposit? Be sure that your answer is displayed as a positive value.
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