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Week Two Financial Exercises Part 1 Complete the following problems using either the financial functions...

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Accounting

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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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