Question: Please write an excel and take a screenshot please . In order to get full credit, solutions must be clear and in detail. If you

Please write an excel and take a screenshot please .

In order to get full credit, solutions must be clear and in detail. If you solve the questions using a financial calculator, you should show all the steps on the calculator such as PMT= 600, I=10, FV=0, PV=?. If you prefer to use Excel, you should show the functions. For manual calculations, you should show the formula with plugged numbers.

Questions.

2) You have a son today and you deposit $10,000 in an investment account that earns 6% per year. The money in the account will be distributed to your son whenever the total reaches $1,300,000. How old will your son be when he gets the money (rounded to the nearest year)?

3) At what rate must $287.50 be compounded annually for it to grow to $650.01 in 15 years?

4) What is the present value of $11,363 to be received 7 years from today? Assume a discount rate of 3.9% compounded annually and round to the nearest $1.

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