E14 A B fx-FV(H9/H10, B14"H10,) C D E F G H I 3 1. You have an investment opportunity that promises to pay you $20,000 at a future date. You can earn 5% 4 compounded semiannually on similar investments. How much would you be willing to invest assuming you will 5 receive the amount at the end of (a) three years, (b) four years, or (c) five years? 6 Formulas should include the FV function and return a POSITIVE value. Additional amount received at the end of each semiannual period Interest rate 7 Future value 8 9 10 11 12 13 14 15 16 Compounded semiannually Investment Term Present Value 3 Years $110,163.37 4 Years 5 Years $0.00 $20,000.00 $20,000 $0 5% 2 Compounding periods per year 17 2. If, in addition to the $20,000 future value, you receive an additional $1,000 at the end of each semiannual 18 period, how much would you be willing to invest assuming the investment spans (a) three years, (b) four years, or 19 (c), five years? 20 21 Formulas should inde the FV function and return a POSITIVE value. Additional amount received at the end of each semiannual period $1,000 22 23 Investment Term Present Value 24 3 Years 25 4 Years 5 Years Graded Worksheet + Calculation Mode: Automatic Workbook Statistics K