Using excel will help you solve this question:

Suppose you graduate college and land a job as an investment banker.

$$20,000$ signing bonus, which you immediately invest in the market. After year $1,$ you

decide to save an additional $$10,000$ per year. Your investments average $10\%$ return

for the first $10$ years.

After year $5,$ your grandmother gives you a $$15,000$ gift which you also include in your

investments$/$savings$.$

After $10$ years, how much are your savings $/$ investments worth now? $($Include the gift

and returns on investments$)$

Answer:

If mortgage rates drop, many homeowners decide to refinance to lower their monthly

mortgage payments. Please calculate the monthly savings for a $20-$year $$300,000$

mortgage when rates drop from $7\%$ to $4\mathrm{.}5\%.$

Answer: