Question: Please do in Excel and show which formulas you used, thank you!! Suppose the value of a good that was sold in 1954. In 2020,

Please do in Excel and show which formulas you used, thank you!!

Suppose the value of a good that was sold in 1954. In 2020, the price for this good was $310,000, with annually compounded return of 22%. What was the original price of the good in 1954?

A) $.62

B) $1.20

C) $1.33

D) $1.00

E) $.97

F) None of the above

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