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How to solve in Excel? 1) Billy Bob deposits $2000.00 in an account that pays 4.25% compounded annually. How much will BB have in his
How to solve in Excel?
1) Billy Bob deposits $2000.00 in an account that pays 4.25% compounded annually. How much will BB have in his account in 10 years? $ 2,000.00 4.25% 10 a) Solve using algebra: Using a 'mark, copy the formula used in a cell F11) here: b) Solve using Excel functions; Using a 'mark, copy the formula used in cell F15 here: 2) Fifteen years ago, Bob purchased an investment for $1,500. If the investment averaged 6% per year return. How much is the investment worth today? Identify variables given; a) Solve problem by referencing the cell addresses of variables you have identified; Answer 3) A $1000 deposit in an account earns interest at an annual nominal rate of 8.00%. Interest is compounded monthly in the account. How much money will be in the account at the end of the 10th year? Identify variables given; a) Solve the problem using the cells above. Answer b) What is the EAR of the rate above compounded monthly? 4) A zero-coupon bond matures in 10 years and will be worth $1000.00 to the holder. If the bond was purchased 10 years ago, and yielded a return of 5% per year, how much did the holder pay for the bond? (Assume annual compounding, and answer to the nearest cent-$0.01). 1) Billy Bob deposits $2000.00 in an account that pays 4.25% compounded annually. How much will BB have in his account in 10 years? $ 2,000.00 4.25% 10 a) Solve using algebra: Using a 'mark, copy the formula used in a cell F11) here: b) Solve using Excel functions; Using a 'mark, copy the formula used in cell F15 here: 2) Fifteen years ago, Bob purchased an investment for $1,500. If the investment averaged 6% per year return. How much is the investment worth today? Identify variables given; a) Solve problem by referencing the cell addresses of variables you have identified; Answer 3) A $1000 deposit in an account earns interest at an annual nominal rate of 8.00%. Interest is compounded monthly in the account. How much money will be in the account at the end of the 10th year? Identify variables given; a) Solve the problem using the cells above. Answer b) What is the EAR of the rate above compounded monthly? 4) A zero-coupon bond matures in 10 years and will be worth $1000.00 to the holder. If the bond was purchased 10 years ago, and yielded a return of 5% per year, how much did the holder pay for the bond? (Assume annual compounding, and answer to the nearest cent-$0.01)
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