solution in excel

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
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Problem: : i= 8% per year, n= 12 years, Pv=$ 5000, Fv=$2000 & type: payments are made at the end
of a period. Find the annual value (A)?
Also use the following equations to find the present worth (Hand calculations &Excel sheet).
F=P(1+i)"
&
A= F,
| (1+i)" –1 ]
Ans.$558.09
Transcribed Image Text:Problem: : i= 8% per year, n= 12 years, Pv=$ 5000, Fv=$2000 & type: payments are made at the end of a period. Find the annual value (A)? Also use the following equations to find the present worth (Hand calculations &Excel sheet). F=P(1+i)" & A= F, | (1+i)" –1 ] Ans.$558.09
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