In this part, calculate the number of periods. Use the Excel Nper function to compute the...
In this part, calculate the number of periods. Use the Excel Nper function to compute the number of periods.
- You expect to receive $30,000 at graduation. You plan on investing it at 4 percent until you have $130,000. How long will you wait from now? (6 Points)
- Calculate the number of periods in the table below using the Excel Nper function. (6 Points)
|
Present Value |
Interest Rate |
Future Value |
Years |
|
$190 |
7% |
$870 |
? |
|
$2,175 |
11% |
$3,590 |
? |
|
$47,850 |
10% |
$326,890 |
? |
|
$38,571 |
15% |
$213,674 |
? |
Homework Answers
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In this part, calculate the number of periods. Use the Excel
Nper function to compute the...
Problem 5-20 Calculating the Number of Periods (L04) You expect to receive $31,000 at graduation in...
Problem 5-20 Calculating the Number of Periods (L04) You expect to receive $31,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $166,000. How long will you wait from now? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Period years
Problem 5-20 Calculating the Number of Periods (L04) You expect to receive $31,000 at graduation in...
Problem 5-20 Calculating the Number of Periods (L04) You expect to receive $31,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $166,000. How long will you wait from now? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Period years
In this part, calculate the present values. Use the Excel PV function to compute the present...
In this part, calculate the present values. Use the Excel PV function to compute the present values. You are committed to owning a $180,000 Ferrari. If you believe your mutual fund can achieve an annual return of 10 percent, and you want to buy the car in 12 years, how much must you invest today? (6 Points) Calculate the present values in the table below using the PV Excel function. (6 Points) Future value Years Interest rate Present value $19,500...
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Part 3: Interest Rate In this part, calculate the interest rates. Use the Excel Rate function...
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The syntax of the Excel function that returns the number of periods for an investment based...
The syntax of the Excel function that returns the number of
periods for an investment based on a periodic, constant payments at
a certain rate of interest is:
A. NPER (rate, pmt, pv, [fv], [type])
B. NPV(rate, value1, [value2]...)
C. TIMEVALUE (time_text)
D. LOOKUP(look_value, lookup_vector, [result_vector])
Which of the arguments in the function to solve for number of
periods are relevant and required?
Check all that apply.
-value1
-fv
-pmt
-look_value
-pv
Suppose you get a job offer from one...
dit View History Bookmarks Window Help newcon dPress network for the Baru... Chapter 05- The Time...
dit View History Bookmarks Window Help newcon dPress network for the Baru... Chapter 05- The Time Value of Money (HW) Solve For The Number Of Year er 05- The Time Value of Money (HW) 6 Saved Problem 5-20 Calculating the Number of Periods [LO4] You expect to receive $33,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $168,000. How long will you wait from now? (Do not round intermediate calculations and round...
Problem 9: Calculating Present Values. You need $40,000 in nine years. If you can earn .22%...
Problem 9: Calculating Present Values. You need $40,000 in nine years. If you can earn .22% per month, how much will you have to deposit today? | will have to deposit $ -, today. Problem 10: Calculating Present Values. You have decided that you want to be a millionaire when you retire in 32 years. 10a. If you can earn a 8% return, how much do you have to invest today? I have to invest $ today 10b. If you...
Chapter 5 Assignment i Served Help Save & Exit Submit You expect to receive $26,000 at...
Chapter 5 Assignment i Served Help Save & Exit Submit You expect to receive $26,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $161,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) points Period years eBook Print References
part 1 given info present value = periodic interest rate = number of compounding periods =...
part 1 given info present value = periodic interest rate = number of compounding periods = 190.00 0.080 6.00 What is the future value (single payment)? part 2 future value periodic interest rate = number of compounding periods = 301.51 0.080 6.00 what is the present value (single payment)? part 3 periodic payment periodic interest rate = number of compounding periods = 340.00 0.02 8.00 What is the future value of this annuity? part 4 present value (amount borrowed) =...
Problem 5-20 Calculating the Number of Periods (L04) You expect to receive $31,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $166,000. How long will you wait from now? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Period years
Problem 5-20 Calculating the Number of Periods (L04) You expect to receive $31,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $166,000. How long will you wait from now? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Period years
The syntax of the Excel function that returns the number of
periods for an investment based on a periodic, constant payments at
a certain rate of interest is:
A. NPER (rate, pmt, pv, [fv], [type])
B. NPV(rate, value1, [value2]...)
C. TIMEVALUE (time_text)
D. LOOKUP(look_value, lookup_vector, [result_vector])
Which of the arguments in the function to solve for number of
periods are relevant and required?
Check all that apply.
-value1
-fv
-pmt
-look_value
-pv
Suppose you get a job offer from one...
dit View History Bookmarks Window Help newcon dPress network for the Baru... Chapter 05- The Time Value of Money (HW) Solve For The Number Of Year er 05- The Time Value of Money (HW) 6 Saved Problem 5-20 Calculating the Number of Periods [LO4] You expect to receive $33,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $168,000. How long will you wait from now? (Do not round intermediate calculations and round...
Problem 9: Calculating Present Values. You need $40,000 in nine years. If you can earn .22% per month, how much will you have to deposit today? | will have to deposit $ -, today. Problem 10: Calculating Present Values. You have decided that you want to be a millionaire when you retire in 32 years. 10a. If you can earn a 8% return, how much do you have to invest today? I have to invest $ today 10b. If you...
Chapter 5 Assignment i Served Help Save & Exit Submit You expect to receive $26,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $161,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) points Period years eBook Print References
part 1 given info present value = periodic interest rate = number of compounding periods = 190.00 0.080 6.00 What is the future value (single payment)? part 2 future value periodic interest rate = number of compounding periods = 301.51 0.080 6.00 what is the present value (single payment)? part 3 periodic payment periodic interest rate = number of compounding periods = 340.00 0.02 8.00 What is the future value of this annuity? part 4 present value (amount borrowed) =...
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