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(Solved): I need help with this assignment please. Th) Mstizrument 4t Present Yalue and Future Walue 1. El ...



I need help with this assignment please.

Th)


Mstizrument 4t Present Yalue and Future Walue
1. Eleanor ilidy is plannire fo start o business. She will need to furchere te.
Th) Mstizrument 4t Present Yalue and Future Walue 1. Eleanor ilidy is plannire fo start o business. She will need to furchere te.iqment that costs \( \$ 40,900 \). she can borrow the money but will have to mair aschal say reits of princisal and intecest. Years dstame an interest rate of ? pereent. the will nat add ts inl have savided fotorement at anc 65?


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Here are the excel formulas and answers 1 a. The annual payment by Eleanor will be $9,755.63 Excel formula will be =PMT(7%,
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