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CAN YOU PLEASE SHOW ME HOW TO SOLVE THIS IN EXCEL AND NOT OTHER FORMULAS? THNAK YOU. A husband and wife want to accumulate an
CAN YOU PLEASE SHOW ME HOW TO SOLVE THIS IN EXCEL AND NOT OTHER FORMULAS? THNAK YOU.
| A husband and wife want to accumulate an investment worth $200,000 by the end of year 18. | |||||||||
| The money will be needed to send their baby daughter to college. How much must they | |||||||||
| invest now to accumulate their goal assuming they can earn an average of 7% per year? | |||||||||
| Future value | $200,000 | ||||||||
| Rate | 7% | ||||||||
| Years | 18 | ||||||||
| Present value | <== Use the PV function to determine how much to invest today. | ||||||||
| What if they can invest $2,000 per year for each of the 18 years, how much would they need | |||||||||
| to invest today? | |||||||||
| Present value | <== Use the PV function to determine how much to invest today. | ||||||||
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An Introduction To Real Estate Finance
Authors: Edward Glickman
1st Edition
0123786266, 9780123786265
