Question
An annuity pays a fixed amount of $3,000 at the end of each of the next 5 years. Assume the interest rate is 8%. Use
An annuity pays a fixed amount of $3,000 at the end of each of the next 5 years. Assume the interest rate is 8%.
Use Excel, and list the time period (0, 1, 2, 3, 4, 5) and the amount $3,000. Then,
- Use Excel function to calculate the present value of the annuity.
- Use Excel function to calculate the future value of the annuity 5 years (enf of 5th year) from now.
Submit the Excel file with all the details of time periods, amount of payment, and the Excel functions used to calculate the answers.
An annuity pays a fixed amount of $3,000 at the end of each of the next 5 years. Assume the interest rate is 8%.
Use Excel, and list the time period (0, 1, 2, 3, 4, 5) and the amount $3,000. Then,
- Use Excel function to calculate the present value of the annuity.
- Use Excel function to calculate the future value of the annuity 5 years (enf of 5th year) from now.
Submit the Excel file with all the details of time periods, amount of payment, and the Excel functions used to calculate the answers.
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
