Question: Use excel formula(s) to solve 1 What is the value of $8,000 in 10 years at 4% interest compounded annually? -8,000 $11,841.95 PV FV i

Use excel formula(s) to solve 1 What is the value of

Use excel formula(s) to solve

1 What is the value of $8,000 in 10 years at 4% interest compounded annually? -8,000 $11,841.95 PV FV i n 0.04 10 PV FV 2 George invested $10,000 20 years ago and now has $42,478.51. What was the interest rate on his investment? (compounded annually) 42,479 $10,000.00 20 n A PV FV 3 Sarah invested $8,752.36 at 8% and over time her investment became worth $15,000. How many years was she invested? $ 3,752.36 MNUM! $ 100.00 0.08 n A 4 Peter invests $5,000 in a savings account that pays 6% annually. His savings account compounds quarterly for 5 years. What is the balance of his account at the end of 5 years? 5,000 PV FV n 5 A bond has a $1,000 par value and was initially issued with a 5% coupon rate. The current YTM is 3% and the bond matures in 10 years. What is the current price of the bond? PV $1,000.00 i n

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