Question: Solve the following questions using excel file by using the formula for the questions -13. (Solving for n ) (Related to Checkpoint 5.5 on page

Solve the following questions using excel file by using the formula for the questions

 Solve the following questions using excel file by using the formula

-13. (Solving for n ) (Related to Checkpoint 5.5 on page 175) How many years will the following take? a. $500 to grow to $1,039.50 if it's invested at 5 percent compounded annually b. $35 to grow to $53.87 if it's invested at 9 percent compounded annually c. $100 to grow to $298.60 if it's invested at 20 percent compounded annually d. $53 to grow to $78.76 if it's invested at 2 percent compounded annually 14. (Solving for I) (Related to Checkpoint 5.6 on page 176) At what annual interest rate would the following have to be invested? a. $500 to grow to $1,948.00 in 12 years b. $300 to grow to $422.10 in 7 years c. $50 to grow to $280.20 in 20 years d. $200 to grow to $497.60 in 5 years 15. (Calculating present value) (Related to Checkpoint 5.4 on page 173) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted back to the present at 10 percent b. $300 to be received 5 years from now discounted back to the present at 5 percent c. $1,000 to be received 8 years from now discounted back to the present at 3 percent d. $1,000 to be received 8 years from now discounted back to the present at 20 percent

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