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Did I answer these corectly? Excel on FV and Investment considerations. Q3: Its a little blurry; An investment will pay $289,940 at the end of
Did I answer these corectly? Excel on FV and Investment considerations.
2 3 4 5 6 7 fv 8 000 rate per pmt 9 PV If the rate of interest (r) is 9%, then you should be indifferent about receiving $750 in one year or 9% 1 $750 ($1,500.00) $688.07 5 6 rate: 17 nper 18 pmt 19 pv 20 21 FV Stella deponts $4500 in a savings account at a bank that offers interest of 47% on such accounts What is the value of the money in her savings account in one year's time? 4.70% 1 $4,500 $4,712 ($9.432.94) 25 26 27 deposited in bank 28 rate 29 per 30 pmt 31 pv 32 33 FV 34 35 36 Explanation An invest will per LN at the m 9% 1 50 -190,000 $207,100.00 difference 207,100-295,940 M4000 Q3: Its a little blurry; An investment will pay $289,940 at the end of the next year for an investment of $190,000 at the start of the year. If the market interest rate is 9% over the same period, should this investment be made, compare the investment to putting money in the bank.
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