## Question

###### Format Pentes Ee A Merge Center - telier $. % Font 23 Conditional Formats Formatting table...

Format Pentes Ee A Merge Center - telier $. % Font 23 Conditional Formats Formatting table Styles Delete Format Allgren Clear B D E F G H I J K L M N Complete the following problems using either the financial functions in Excel or the Present Value and Future Value formulas as noted below: PV = FV = 1/(1+1) FV-PV + (1+1)* (1) If you wish to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%? Answer: (2) What will $110.000 grow to be in 9 years if it is invested today at 11%? Answer: Week 2 - Part 1 Week 2 - Part 2 QAGES, Type here to search

## Answers

rate positively .. let me know if you need any clarification..

Ans 1) PV = 60000/(1+9%)^8 30,111.98 Ans = 30,111.98 Ans 2) FV= 110000*(1+11%)^9 281,384.06 Ans = 281,384.06

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