Question

Finding the Rate of Return You pay $6,000 for an annuity that will pay you $500.00 per year for 20 years. What is the discoun

Can you walk through the steps to get the answer in excel? Which value goes where?

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Answer #1

fic =RATE(C2,C3,-C4,C5, C6) B 20 ДА 1 01 2 NPER 3 PMT 4 PV 5 FV 6 TYPE 7 RATE 8 Total No.of Payments Payment per period Prese

fc =RATE(C2,C3,C4,-C5,C6) 10 1200 1 Q2 2 NPER 3 PMT 4 PV 5 FV 6 TYPE 7 RATE 8 Total No.of Payments Payment per period Present

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