Problem

In Chapter 20, we will cover engineering economics. For now, using the Excel Help menu,...

In Chapter 20, we will cover engineering economics. For now, using the Excel Help menu, familiarize yourself with the following functions. Create a simple example and demonstrate the proper use of the function.

a. FV(rate, nper, pmt, pv, type)

b. IPMT(rate, per, nper, pv, fv, type)

c. NPER(rate, pmt, pv, fv, type)

d. PV(rate, nper, pmt, fv, type)

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Solutions For Problems in Chapter 14