Future Value= 1000 PMT 50 N 16 Rate 4.25% Solve for Present Value=$1,085.80 how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer
Future Value= 1000 PMT 50 N 16 Rate 4.25% Solve for Present Value=$1,085.80 how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer
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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Question
| 1000 | ||
| PMT | 50 | |
| N | 16 | |
| Rate | 4.25% | |
| Solve for Present Value=$1,085.80 |
how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer
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