Question: Please use Excel to solve the problem Problemle You are working for Humdrum Corp. You are so bored, you want to start your own business.
Please use Excel to solve the problemProblemle You are working for Humdrum Corp. You are so bored, you want to start your own business. A new business takes money, so you start a 5-year plan. At an interest rate of 9 percent per year, how much must you invest each year (equal amounts beginning next year) to have $75,000 in your new business fund in 5 years? Problem2 The Third National Bank of Haslett has agreed to give you a 4 year loan to buy a Dacia Sandero, priced at $11,000. The annual interest rate is 9%. If the bank requires you to make a 10% down payment on the car, how much will your monthly payments be if you make the purchase
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