Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Future Value Present Value Rate Number of periods Payment NPV for cashflows Time Value of Money Formulas =FV (rate, nper, pmt, [pv]. [type])-PV (rate, nper,
Future Value Present Value Rate Number of periods Payment NPV for cashflows Time Value of Money Formulas =FV (rate, nper, pmt, [pv]. [type])-PV (rate, nper, pmt, [fv], [type]) = RATE (nper, pmt, pv, [fv], [type]) NPER (rate, pmt, pv, [fv], [type]) = PMT (rate, nper, pv, [fv], [type]) = NPV (rate, value 1, [value 2], ...) = The future value of $200 received today and deposited at 8.9% for 25 years is approximately Please enter the Excel formula as your answer. Do NOT put any spaces in your formula and enter the rate as a percentage please. Example: =PMT(3%,8,-500,0)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started