Calculate the future value of Mariposa's new 401(k) based on a present value of $15,000, an...
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Calculate the future value of Mariposa's new 401(k) based on a present value of $15,000, an interest rate of 8% (0.08), and regular payments of $5,000 per year for 40 years. Enter each of the TVM variables, then calculate the future value using the FV function: =FV(R, n, PMT, PV) A B Amount 13 TVM Variable 14 Interest rate (R) 15 Number of years (n) 16 Payment (PMT) 17 Present value (PV) 18 Future value (FV) Calculate the future value of Mariposa's new 401(k) based on a present value of $15,000, an interest rate of 8% (0.08), and regular payments of $5,000 per year for 40 years. Enter each of the TVM variables, then calculate the future value using the FV function: =FV(R, n, PMT, PV) A B Amount 13 TVM Variable 14 Interest rate (R) 15 Number of years (n) 16 Payment (PMT) 17 Present value (PV) 18 Future value (FV)
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To calculate the future value FV of Mariposas 401k well first list out the Time Value of Money TVM v... View the full answer
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
Posted Date:
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