Please include all the details and how to solve
Please include all the details and how to solve 1 Solving for i in an Annuity...
Show all work please.
Assume a large health system has just approved a $355,000 annual (per year) bonus to retain its top cardiac surgeon. Assume that $355,000 will be paid to the surgeon as a bonus at the end of each year that he stays, up to ten years. The healthcare system wants to invest a lump sum now in order to have enough money to cover the bonuses over the ten-year period. Assume the healthcare system can earn a...
A) If you delay saving by 5 years, what would the interest rate (APR) need to be for you to hit the target amount ($349,881.67)? Use excel RATE function and show values for arguments (nper, pmt, pv, fv, type, guess).. B) Convert that APR to an EAR. Use excel EFFECT function and show values for arguments (nominal_rate, npery) C) Amount you need in your account at retirement in order to spend $5000 each period? Use excel PV function and show...
An investment adviser has promised to double your money. If the interest rate is 7% a year, how many years will she take to do so? We have entered the data vou need in cells H9 to HI1: Present value (PV) Future value (FV) Interest rate (r) 1 2 0,06 You can use the present value formula to value an annuity You can either find the answer by taking logs of the present value formula or you can use Excel's...
1.
If we place $7,654 in a savings account paying 7.5 percent interest
compounded annually, how much will our account accrue to in 8.5
years?
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...
Suppose you take a 30-year mortgage of $300000. the annual interest rate is 4%, and the annual ... Question: Suppose you take a 30-year mortgage of $300000. The annual interest rate is 4%, and the annual AP... (2 bookmarks) Suppose you take a 30-year mortgage of $300000. The annual interest rate is 4%, and the annual APR is 5.00%. Loan payments are made annually. Calculate the amortized fees and expenses for this loan (in dollars, provide your answer with $1...
You wish to buy a car for $12,000 at a 5% annual interest rate,
compounded monthly. The loan will be repaid in 5 years with monthly
payments. What is your monthly payment (calculated with the
equations on the next page)? Compare your answer to that obtained
with the built in function, PMT. Be sure to label all cells
appropriately. (There is no need to create a monthly payment table,
simply use the equations on the next page.)
Loans: where: and,...
Ruiz Company issued bonds on January 1 and has provided the
relevant information. The Controller has asked you to calculate the
bond selling price given two different market interest rates using
Excel’s Present Value functions. Use the information included in
the Excel Simulation and the Excel functions described below to
complete the task.
Cell Reference: Allows you to refer to data
from another cell in the worksheet. From the Excel Simulation
below, if in a blank cell, “=B2” was entered,...
please answer all
2pt per question. Show your work clearly to eam partial credit! Read the questions carefully! Suppose you invest $100, $200, & $300 at the end of year 1 to 3 in the next 3 years and earn 6% each year. What is the future value at the end of year 3? tcompute the PV: using CF function: CO0-0, CO1- 100, C02=200 , C03-300, I-6, CPT NPV= FV,=PV (1r)624.36 Suppose you expect your investment to earn 6 %...
Ruiz Company issued bonds on January 1 and has provided the
relevant information. The Controller has asked you to calculate the
bond selling price given two different market interest rates using
Excel’s Present Value functions. Use the information included in
the Excel Simulation and the Excel functions described below to
complete the task.
Cell Reference: Allows you to refer to data
from another cell in the worksheet. From the Excel Simulation
below, if in a blank cell, “=B2” was entered,...
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...