Question: Use excel 6 Solve each problem below. Assume deposits and payments are made at the end of year (end of month) unless told otherwise. 7

Use excel

6 Solve each problem below. Assume deposits and payments are made at the end of year (end of month) unless told otherwise. 7 8 1) The value of your LeBron James basketball card in 30 years if it is worth $20.00 today and appreciates at 9% per year. 9 10 112) The value of your retirement account in 50 years if you deposit $2,400 each year (end of year) and receive 6% annual interest on your money 19 20 21 You decide to deposit $1000 in a savings account today. How much will you have in 5 years assuming you can earn 2%, compounded annually. 22 23

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