Please show the work! Excel preferably: what is the future value of $7,189 invested for 23 years at 9.25% compounded monthly? The answer is: $59,853.16 A. On your ninth birthday, you received $300 which you invested at 11% interest, compounded annually. Your investment is now worth $756. At 11% interest, how long would it take to quadruple your money? Answer: 13.28 years B. The Design Team just decided to save $1,500 a month for the next 5 years as a safety net for recessionary periods. The money will be set aside in a savings account which pays 4.5% interest compounded monthly. The first deposit will be made today. What would today's deposit amount have to be if the firm opted for one lump sum deposit today that would yield the same amount of savings as the monthly deposits after 5 years? Answer: $80,760.79 C. Nadine is retiring at age 62 and expects to live to age 85. On the day she retires, she has expects to earn 6% during her retirement years. How much can she withdraw from her death? Answer: $2,329.05 D. nt savings each month if she plans to spend her last penny on the morning of her