Please create an Excel file with the calculated answers to the questions to the Excel homework for this week.The questions are listed in the attached PDF file.

1. What is the implied discount rate in an annuity product that costs $50,000 today and pays the owner twenty annual payments of $3,000? hint: you need to use the Excel RATE function and enter the payment as a negative number.

2. How many months will it take to pay o a $10,000 balance on a credit card that has an APR of 18%, assuming you charge no additional money on the card and make regular monthly payments of $175? hint: you need to use the Excel NPER function and enter the payment as a negative number.

3. What is the monthly payment on a $200,000 30-year 6% xed rate mortgage?

4. How much money will you have in twenty-ve years if over that period you make monthly deposits of $300.00 into an investment account that earns an APR of 6% over that period?

5. Assuming a discount rate of 7%, how much money should you be willing to pay for an investment that will generate annual cash ows of $12,000 per year for ten years