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cell B10, enter a formula using PV to calculate the value today (the present value) of the four-year tuition plan. Use cell references wherever possible.
cell B10, enter a formula using PV to calculate the value today (the present value) of the four-year tuition plan. Use cell references wherever possible. The annual interest rate for y ivestment account is stored in cell B8, the number of monthly payments in cell B7, and the monthly payment amount in cell B6. Payments will be made at the beginning of every peri ay attention to the time periods for the interest rate and payment schedule. Remember to express the Pmt argument as a negative. AutoSave (. of ) H Savings Calculator - Excel . Search File Home Insert Draw Page Layout Formulas Data Review View Calibri - 11 - A A ab Wrap Text Currency E . AY Merge & Center Paste B I U - H - ZA- EEEEE $ - % 9 08 -28 Conditional Format Cell Insert Delete Format Sort Formatting . as Table . Styles & Filter . & Se Clipboard Font Alignment Number Styles Cells Editing B10 X V A B C D E F G H M Option Prepay up front $50,000.00 Option 2 Monthly payments $54,000.00 6 Monthly payment $1, 125.00 7 Months 48 8 Investment annual interest 5.45% 9 10 Present value of Option 2 11 12 13 14 15 16 17 18 19 20 21 Savings Calculator College Options + Ready MacBook Air
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