Annual Periodic Рayment (PMT) Duration in OPTION Periods Interest Present Future Annual years (NPER) per year Rate Value (PV) Value (FV) Payments (RATE) 24 (1) What will my payments be? 6.0% 5 500,000 406,020 4 %24 24 (2) How much will my savings be worth? 2$ (50,000) 24 (30,000) 24 (20,000) 2$ (35,000) 5.3% 20 300,000 %24 2. (3) How much do I need to start? 5.8% 6 2,000,000 2$ 12 %$4 2$ 24 (240,000) 2$ (140,000) (4) What is the interest rate? 12 10 1,000,000 2$ (5) How long will it take to pay off? 4 6.5% 1,000,000 %24 %24 SUBMIT COMPLED 2. on In cell C
Annual Periodic Рayment (PMT) Duration in OPTION Periods Interest Present Future Annual years (NPER) per year Rate Value (PV) Value (FV) Payments (RATE) 24 (1) What will my payments be? 6.0% 5 500,000 406,020 4 %24 24 (2) How much will my savings be worth? 2$ (50,000) 24 (30,000) 24 (20,000) 2$ (35,000) 5.3% 20 300,000 %24 2. (3) How much do I need to start? 5.8% 6 2,000,000 2$ 12 %$4 2$ 24 (240,000) 2$ (140,000) (4) What is the interest rate? 12 10 1,000,000 2$ (5) How long will it take to pay off? 4 6.5% 1,000,000 %24 %24 SUBMIT COMPLED 2. on In cell C
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
Related questions
Question
Using financial functions (RATE, PMT, FV, NPER, PV) complete the shaded cells to analyze 5 financial options for MIS Enterprises. (HINT: Make sure your interest rate and number of payments are set to the correct terms)
See attached for shaded cells
(1) Calculate PMT
(2) Calculate FV
(3) Calculate PV
(4) Calculate RATE
(5) Calculate NPER
Transcribed Image Text:Annual
Periodic
Рayment
(PMT)
Duration in
OPTION
Periods
Interest
Present
Future
Annual
years
(NPER)
per year
Rate
Value (PV)
Value (FV)
Payments
(RATE)
24
(1) What will my payments be?
6.0% 5
500,000
406,020
4
%24
24
(2) How much will my savings be
worth?
2$
(50,000)
24
(30,000)
24
(20,000)
2$
(35,000)
5.3%
20
300,000
%24
2.
(3) How much do I need to start?
5.8% 6
2,000,000
2$
12
%$4
2$
24
(240,000)
2$
(140,000)
(4) What is the interest rate?
12
10
1,000,000
2$
(5) How long will it take to pay off?
4
6.5%
1,000,000
%24
%24
SUBMIT COMPLED
2.
on In cell C
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