Calculate the following time value of money problem using Microsoft® Excel® Please show your work in...
Calculate the following time value of money problem using Microsoft® Excel® Please show your work in the cells. Use Excel formulas instead of writing the values/answers directly in the cell.
2)
| What is the present value of $992 to be received in 13.5 years from today if our discount rate is 3.5 percent? | |||||||||
|
|||||||||
| Future Value (FV) | 992 | ||||||||
| Interest Rate (i) | 0.035 | ||||||||
| Number of years (n) | 13.5 | ||||||||
| Answer- | |||||||||
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Calculate the following time value of money problem using
Microsoft® Excel® Please show your work in...
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PLEASE SHOW ME EXACTLY HOW TO DO THE PROBLEM!!!! I INSERTED A
PICTURE FOR AN EXAMPLE!
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What is the present value of $929 to be received
in 13.5 years from today if our discount rate is 3.5
percent?
PLEASE SHOW ME EXACTLY HOW TO DO THE PROBLEM!!!! I INSERTED A
PICTURE FOR AN EXAMPLE!
Future Value after 9 years is calculated using EXCEL FUNCTION FV(rate, nper,pmt, pv,type) where rate-1.5%; nper-9; pmt-o; pe-3520000; type=0; Here, value for pv is negative as it denotes cash inflows; type as interest is compounded at the end of each period only....
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