please use excel and show formulas in the cells. 3. You receive...
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please use excel and show formulas in the cells. 
3. You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 3.6 percent per year, compounded monthly for the first four months, increasing thereafter to 13.2 percent compounded monthly. Assuming you transfer the $10,000 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year? 4. What is the present value of $5,000 annual payments that starts 9 years from now and goes forever, if the discount rate is 10%
please use excel and show formulas in the cells.
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