Question 1

Find the return rate than one needs in order to quadruple $5,000 in five years using the EXCEL function and verify this answer with your mathematical derivation. Provide the rate formatted with 3 decimal points

If instead of making a single deposit the same person deposits five payments of $2,150 in order to make the same amount as in the previous case, what is this return rate? Use the EXCEL formula only.

The WI section should explain the derivation in plain English step by step in the word document use equation editor writing your mathematics. Also explain in plain English the difference between the two cases.

Question 1 Find the return rate than one needs in order to quadruple $5,000 in five years using the EXCEL function and verify this answer with your mathematical derivation. Provide the rate formatted with 3 decimal points If instead of making a single deposit the same person deposits five payments of S2,150 in order to make the same amount as in the previous case, what is this return rate? Use the EXCEL formula only. The WI section should explain the derivation in plain English step by step in the word document - use equation editor writing your mathematics. Also explain in plain English the difference between the two cases