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Q10a-Sometimes we need to find out long it will take money to grow to some particular...

Q10a-Sometimes we need to find out long it will take money to grow to some particular amount. For example, if a company’s sales are growing at 10% per year, how long will it take sales to triple?

Q10b – If you want the investment to double in 8 years, what interest rate must it earn?

Q11a – What is the future value of a 14-year ordinary annuity of $450 if the interest rate is 6%?

Q11b – What is the present value of the annuity? Hint: Solve for PV.

Q11c – What is the future value and present value if the annuity were an annuity due? Solve.

has to be done in excel

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