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it is an excel sheet in which finance questions are solved with formulas
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Question 1In 3 years you want to have $5000 in the bank, if the interest rate was 8%, how much do you need now?
Question 2
You currently have $5000 in the bank, you plan on keeping it in the bank for 10 years at a interest rate of 5%, how much w
Question 3
You currently have a student loan for $12,000 at a 6% interest. You currently pay $222.00 a month and interest compunds
Question 4
You currenlty have a loan for $5000 due in 60 mths with interest compounded monthly. You pay a monthly payment of $9
Question 5
You currently have a loan $6000 at 4.5% for 5 years compounding monthly. What is your monthly payment?
, Question 6
What deposit today would you have to make at your bank at a rate of 8% if you wanted to witthdrawal $100 each year for
Question 7
Assume that you are planning on retirement in 30 years. If you deposit $5,500 at the end of each year into an RRSP that w
Question 8
a. You are looking at buying a house and have a maximum budget of $1315 per month. The house you really like is $300,0
b. How much of a down payment would you have to put dow to be able to afford this house?
Question 9
You are looking to save $30,000, you currenlty have $5000 in the bank and plan on saving an additional $300 per month u
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