If you deposit 3000 in a bank that pays 2 interest, Financial Management

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If you deposit 3000 in a bank that pays 2 interest

Please Help me answer these questions using time value excel formulas in excel.

a) If you deposit $3,000 in a bank that pays 2% interest, compounded semiannually, how much will you have in the account after 6 years? THIS QUESTION NEEDS TO BE ANSWERED USING TIME VALUE FUNCTIONS IN EXCEL.

b) How much interest will you have earned in the 6 years? Use an Excel formula to do the calculation.

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Financial Management: If you deposit 3000 in a bank that pays 2 interest

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Financial Management: If you deposit 3000 in a bank that pays 2 interest

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