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
solution in excel
Transcribed Image Text:[11 FV (Future Value)
= FV(rate,nper,pmt,pv,type) FV(1%,n,A,Pv)
Problem 1: i= 0.25%, n= 24 months, A=$ 500, P=$12000& type: payments are made at the end of
a period. Find the future value?
F=?
i=0.25
%
24 Months
A= $500
P=$12000
Also use the following equations to find the future worth (Hand calculations & Excel sheet).
F=P(1+i)"
&
F, = A
Ans. ($25092.49)
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