Question: Please answer questions in EXCEL or EXCEL sheet format 13. Present value: You want to buy some bonds that will have a value of $1000

Please answer questions in EXCEL or EXCEL sheet format

13. Present value: You want to buy some bonds that will have a value of $1000 at the end of seven years. The bonds pay 4.5 percent interest annually. How much should you pay for them today?

14. Present value: Elizabeth Sweeney wants to accumulate $12000 by the end of 12 years. If the annual interest rate is 7 percent, how much will she have to invest today to achieve her goal?

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