Samantha wants to take the next four years off work to travel around the world. She estimates her annual cash needs at $30,000 (if she needs more, she'll work odd jobs). Samantha believes she can invest her savings at 8% until she depletes her funds. Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Requirements 1 How much money does Samantha need now to fund her travels. a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign or parenthesis. 2 After checking with a number of banks, Samantha learns she'll be able to invest her funds only at 6%. How much does she need now to fund her travels? a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign or parenthesis.
Samantha wants to take the next four years off work to travel around the world. She estimates her annual cash needs at $30,000 (if she needs more, she'll work odd jobs). Samantha believes she can invest her savings at 8% until she depletes her funds. Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Requirements 1 How much money does Samantha need now to fund her travels. a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign or parenthesis. 2 After checking with a number of banks, Samantha learns she'll be able to invest her funds only at 6%. How much does she need now to fund her travels? a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign or parenthesis.
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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Transcribed Image Text:Samantha wants to take the next four years off work to travel around the world. She estimates her annual
cash needs at $30,000 (if she needs more, she'll work odd jobs). Samantha believes she can invest her
savings at 8% until she depletes her funds.
Use the blue shaded areas on the ENTERANSWERS tab for inputs.
Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from
the Instruction tab you will be marked wrong.
Requirements
1 How much money does Samantha need now to fund her travels.
a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign
or parenthesis.
2 After checking with a number of banks, Samantha learns she'll be able to invest her funds only at 6%.
How much does she need now to fund her travels?
a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus sign
or parenthesis.
Transcribed Image Text:1. How much money does Samantha need now to fund her travels.
(Always use cell references and formulas where appropriate to receive full credit. If you
copy/paste from the Instruction tab you will be marked wrong.)
Money needed now to fund her travels
2. After checking with a number of banks, Samantha learns she'll be able to invest her
funds only at 6%. How much does she need now to fund her travels?
|(Always use cell references and formulas where appropriate to receive full credit. If you
copy/paste from the Instruction tab you will be marked wrong.)
Money needed now to fund her travels
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