Question: Week Two Financial Exercises Part 1 Complete the following problems using either the financial functions in Excel or the Present Value and Future Value formulas

either the financial functions in Excel or the Present Value and Future

Week Two Financial Exercises Part 1 Complete the following problems using either the financial functions in Excel or the Present Value and Future Value formulas as noted below PY-F /(1+1) FV-PV. (1+0 1) L . 10. (5) What will $14,600 grow to be in 8 years if it is invested today at 6% and the interest rate is compounded monthly? (6) How many years will it take for $163,000 to grow to $374.000 if it is invested in an account with an annual interest rate of 7% (7) At what interest rate must $85.000 be invested so that it will be worth $193,000 in 8 years

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