Question: PLEASE PLEASE PLEASE ANSWER IN EXCEL FUNCTIONS. Consider Bay City Savings Bank, which pays 10.0 percent interest compounded continuously. a. What is the effective annual

PLEASE PLEASE PLEASE ANSWER IN EXCEL FUNCTIONS.

Consider Bay City Savings Bank, which pays 10.0 percent interest compounded continuously.

a. What is the effective annual rate under these terms?

b. What is the future value of a $10,000 lump sum after 5 years?

c. What is the future value of a 5year ordinary annuity with payments of $2,000 each?

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