[4] NPER (Number of Periods,n) = NPER(rate,pmt,Pv,Fv,type) NPER(1%,A,Pv,Fv) troblem:: i= 0.25% per month, A=$ 250, Pv=$ 3000, Fv=$15000 & type: payments are ma end of a period. Find the number of payments (n)? F=$ 15000 i=0.25% n= ? Months
[4] NPER (Number of Periods,n) = NPER(rate,pmt,Pv,Fv,type) NPER(1%,A,Pv,Fv) troblem:: i= 0.25% per month, A=$ 250, Pv=$ 3000, Fv=$15000 & type: payments are ma end of a period. Find the number of payments (n)? F=$ 15000 i=0.25% n= ? Months
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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solution in excel
![[4] NPER (Number of Periods,n)
= NPER(rate,pmt,Pv,Fv,type) NPER(1%,A,Pv,Fv)
Problem: : i= 0.25% per month, A=$ 250, Pv=$ 3000, Fv=$15000 & type: payments are made at the
end of a period. Find the number of payments (n)?
F=$ 15000
i=0.25%
n= ?
Months
A= $250
P=$3000
Also use the following equations to find the number of payments (Hand calculations &Excel sheet).
F, = A
تنشيط
W! Jäil Ans. 44
F=P(1+i)"
&](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa0257e5e-868b-4aca-bf76-4e66edfd389a%2Fbf7a9c4b-e67d-4835-b34b-185f55f20764%2Feejmabr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[4] NPER (Number of Periods,n)
= NPER(rate,pmt,Pv,Fv,type) NPER(1%,A,Pv,Fv)
Problem: : i= 0.25% per month, A=$ 250, Pv=$ 3000, Fv=$15000 & type: payments are made at the
end of a period. Find the number of payments (n)?
F=$ 15000
i=0.25%
n= ?
Months
A= $250
P=$3000
Also use the following equations to find the number of payments (Hand calculations &Excel sheet).
F, = A
تنشيط
W! Jäil Ans. 44
F=P(1+i)"
&
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