oooooo Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that...

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Answer 1

Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

A B C D E 1 T P V Years | 10 2 3 4 5 1 2 3 4 2000 175 525| 100 Interest rate 11.40% 6% 9.50% 5% Future value $5,886.84 $234.1

Cell reference -

2 А в D 1 PV Years 10 3 1 42 5 3 6 4 2000 175 525 100 Interest rate 0.114 0. 065 0.095 0. 05 Future value =B3*(1+C3)^D3 =B4*(

Please note: for 5th question, interest rate is not shown in the picture thus unable to provide solution for 5th.

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

Answer 2

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