Please show work using Excel. a. Sixteen years ago...
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Finance
Please show work using Excel.
a. Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this account is $260,000. If the account has been earning 6% compounded annually, how much did your parents initially deposit? b. Sixteen years ago your parents deposited an amount in your saving account earing 6% annually, today the balance of this account is $260,000. If the account is expected to continue earning 6% annually, what will the balance be in 5 years? c. Sixteen years ago your parents deposited an amount in your saving account, today the balance of this account is $260,000. If the account has been earning-6% compounded monthly, how much did your parent:s initially deposit? d. Sixteen years ago your parents deposited an amount in your saving account, today the balance of this account is $260,000. If the account has been earning-600 compounded continuously, how much did your parents initially deposit? e. Sixteen years ago your deposited $200,000 in your saving account, today the balance of this account is $260,000. Calculate the annual rate of return earned on this account
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