Using Excel, complete the following problems. Round the decimals to $2$ places.

Include a brief written response to each problem, explaining in a sentence or two, the result of your calculation. This can be done in a similar

fashion to how I completed this in the video.

Your company plans to deposit $$50,000$ into a long$-$term savings account, with an annual rate of return of $4\%.$ You plan to leave this in the

savings account for $7$ years, and use the funds to purchase new computers for your entire company. How much money will your company have

at the end of $7$ years?

Your nonprofit organization will receive a donation of $$25,000,5$ years from now. The current interest rates are $3\%.$ What is the present value

of this future cash flow?

Your parents will retire in $15$ years. They currently have $$350,000$ saved, and they think they will need $$1,500,000$ at retirement. What annual

interest rate must they earn to reach their goal, assuming they don't save any additional funds?

You have recently found an investment opportunity that will provide a $6\mathrm{.}5\%$ annual rate of return. How many years will it take to double your

money?

Your business opens a long$-$term savings account. You deposit $125,000$ for $5$ years, with a $2\mathrm{.}5\%$ rate of return, compounded quarterly. How

much will you have after $5$ years?

You know that you'll need to purchase a new piece of sound equipment in $3$ years, with an anticipated cost of $$70,000.$ You have found a

stock that has averaged a $7\mathrm{.}5\%$ rate of return. How much do you need to invest today in order to have the $$70,000$ at the end of year $3?$