Question: Please show all your work. For each question- Draw the time line, write the formula and show what you plugged into the excel formula to
Please show all your work. For each question- Draw the time line, write the formula and show what you plugged into the excel formula to get the answer.
a. Present value of $5,000 received 10 years from today if the interest rate is 12% per year.
b. Future value of $10,000 received 5 years from today if left in an account until 40 years from today, when the rate of return is 10% per year.
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