Question: Please complete the following problems in Excel. Please show ALL calculations to arrive at the answer. 1. If $9,000 is deposited annually starting on January

Please complete the following problems in Excel. Please show ALL calculations to arrive at the answer.

1. If $9,000 is deposited annually starting on January 1, 2014 and it earns 9%, how much will accumulate by December 31, 2023 (ten years)?

2. How much must be invested now to receive $30,000 for ten years if the first $30,000 is received today and the rate is 8%?

3. Crone Co. has machinery that cost $120,000. It is to be leased for 15 years with rent received at the beginning of each year. Crone wants a return of 10%. Compute the amount of the annual rent.

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