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Explain consulting firm projection

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Please provide explanation using formulas and Excel

Aidan wants to start their own art atelier. In her long term plan, she is going to invest $10,000.00 for the first 15 years, and 35,000.00 for the next five. Considering a 5% interest rate, and according a consulting firm projection, the atelier will cost around $350,000.00 in year 20. Are they going to have enough money? If so, how much extra money are they going to have? (c) If not, how short are they going to be?

Reference no: EM133232335

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