The Excel function PV(rate, number_periods, payment) calculates the present value of a constant payment. In the spreadsheet

Question:

The Excel function PV(rate, number_periods, payment) calculates the present value of a constant payment. In the spreadsheet example below, for example:image text in transcribed

(Note that we have put the payment as a negative number, since otherwise Excel returns a negative value! This little irritation is discussed in Chapters 1 and 30.)
Use Data Table to graph the present value as a function of the discount rate, as illustrated below:image text in transcribed

Step by Step Answer:

Related Book For  book-img-for-question

Financial Modeling

ISBN: 9780253337825

5th Edition

Authors: Simon Benninga, Tal Mofkadi

Question Posted: