1. Future Values: Please provide the calculations in MS Excel for a future value of an $7,000 investment today in 7 years at 7% compounded on an annual, semi-annual, quarterly, monthly, and daily basis to the nearest penny.
2. What dollar amount, when compounded at 5% for ten years, will grow to a value of $40,722.37? Round to the nearest dollar: enter your answer without using commas or dollar signs.