A6 A fx 2597 B C D E F G H 1 J K L M 10 11 123456782 Years 2 For each of the following, compute the future value: 3 (Your answers should be positive values.) 5 Present value Interest rate Future value $2,597 11 13% $7,834 7 9% $81,286 14 12% 9 $213,612 16 6% Search for tools, help, and more (Alt + O IMPORTANT: Answer grading policy For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 OK ☑ 15

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter19: Variable Costing (varcost)
Section: Chapter Questions
Problem 5R: Click the Chart sheet tab. This chart is based on the problem data and the two income statements....
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Question
A6
A
fx 2597
B
C
D
E
F
G
H
1
J
K
L
M
10
11
123456782
Years
2 For each of the following, compute the future value:
3 (Your answers should be positive values.)
5 Present value
Interest rate
Future value
$2,597
11
13%
$7,834
7
9%
$81,286
14
12%
9
$213,612
16
6%
Transcribed Image Text:A6 A fx 2597 B C D E F G H 1 J K L M 10 11 123456782 Years 2 For each of the following, compute the future value: 3 (Your answers should be positive values.) 5 Present value Interest rate Future value $2,597 11 13% $7,834 7 9% $81,286 14 12% 9 $213,612 16 6%
Search for tools, help, and more (Alt + O
IMPORTANT: Answer grading policy
For an answer to be graded as correct, you must use an Excel formula:
1. Begin each formula with an = sign.
2. Reference cells, instead of entering values.
Example: =B3+C3
OK
☑
15
Transcribed Image Text:Search for tools, help, and more (Alt + O IMPORTANT: Answer grading policy For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 OK ☑ 15
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