Question: please write with formulas, i will solve it over excel Question 3 You are going to invest $15,000 today and receive $87,000 in 11 years.

please write with formulas, i will solve it over excel

please write with formulas, i will solve it over excel Question 3

Question 3 You are going to invest $15,000 today and receive $87,000 in 11 years. a) What quarterly interest rate should the bank offer to you to meet your demand? (Bank will pay interest quarterly) b) What is the annual percentage rate? c) What is the effective annual rate

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