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Build a spreadsheet that will calculate PV , FV , N , PMT , or r given the other 4 inputs. The goal is to
Build a spreadsheet that will calculate PV FV N PMT or r given the other inputs. The goal is to create something that can be copied to solve the questions below. You will use the following built in functions, PV FV PMT NPER, and RATE.
A rich aunt promises you $ exactly years after you finish your MBA.
a Given an interest rate of year what is that amount worth now, if you were to graduate today?
b What is it worth today if you were to instead receive that same amount in years?
c In each case, what if the relevant interest rate was per year?
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