Question: Please help show how to use Excel formulas for these: a. What is the present value of your windfall? b. What is the future value

Please help show how to use Excel formulas for these:

a.

What is the present value of your windfall?

b.

What is the future value of your windfall in three years (on the date of the last payment)?

D

E

F

Interest rate

3.50%

Year

1

2

3

11

Cash flow

$10,000

$20,000

$30,000

a.

What is the present value of your windfall?

Present value

b.

What is the future value of your windfall in three years (on the date of the last payment)?

Future value

Requirements

1.

Start Excel completed.

2.

In cellD15, by using cell references and the functionNPV, calculate the present value of the stream of cash flows(1 pt.).

3.

In cellD19, by using cell reference and the functionFV, calculate the future value of the present value(1 pt.).

Note: The future value should be entered as a positive value. Use cell reference to thepresent value of withdrawalfrom Step 2 in your calculations.

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