PROBLEM 5-34 SPREADSHEET PROBLEM: FUTURE VALUE If you invest $900 in a bank in which it will earn 8 percent compounded annually, how much will your investment be worth at the end of 7 years? Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. DATA Investment $900 Annual rate 8% Number of years 7 SOLUTION Future value Requirements: 1. Start Excel. Download and open the workbook named: Keown_Martin_Petty_Problem_5- 34 Start. Important note: All calculations must be shown using cell references. Do NOT enter numerical values in the cells. 2. In cell B12, use the function FV to calculate the future value of the investment. Note: The output of the expression or function you typed in this cell is expected as a positive number. (1 point) 3. Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed