Question: ..Please write all the steps...................... Use excel or PV = FV * 1 / (1+i)^n FV = pV * 1 / (1+i)^n P = present,

..Please write all the steps......................

Use excel or PV = FV * 1 / (1+i)^n FV = pV * 1 / (1+i)^n P = present, V = value, F= future.

a. If you wish to have 60,000 in 8 years, how much do you need to deposit in the bank today if the account pays at interest rate of 9%?

b. What will 110,000 grow to be in 9 years if it is invested today at 11%?

c. You would like to have 200,000 in a college funds in 15 years. How much do you need today if you expect to earn 12% while you are investing to pay for the childs college?

d. You have offered 3000 in 4 years for providing 2000 today into a business venture with a friend. If interest rates are 10% is this a good investment for you?

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