PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS Problem 5: A bank was paying 6½ % compound interest, compoundable quarterly. On January 1, 2020 it modified the rate, raising it to 8% compoundable semiannually. Calculate the compounded amount that a deposit of $1'000,000, made on April 1, 2017, will have on January 1, 2030. Note: In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note: It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. TO CONSIDER THE YEAR AS 360 DAYS (WHICH IS COMMERCIAL) (only if required)
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS Problem 5: A bank was paying 6½ % compound interest, compoundable quarterly. On January 1, 2020 it modified the rate, raising it to 8% compoundable semiannually. Calculate the compounded amount that a deposit of $1'000,000, made on April 1, 2017, will have on January 1, 2030. Note: In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note: It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. TO CONSIDER THE YEAR AS 360 DAYS (WHICH IS COMMERCIAL) (only if required)
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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PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
Problem 5:
A bank was paying 6½ %
Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.
Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
TO CONSIDER THE YEAR AS 360 DAYS (WHICH IS COMMERCIAL) (only if required)
Transcribed Image Text:Un banco pagaba el 6% % de interés compuesto, capitalizable trimestralmente. EI 1° de
enero de 2020 modificó la tasa, elevándola al 8% capitalizable semestralmente.
Calcular el monto compuesto que tendrá el 1° de enero de 2030, un depósito de
$1'000,000, efectuado el 1° de abril de 2017.
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