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In this part, calculate the number of periods. Use the Excel Nper function to compute the number of periods. You expect to receive $30,000 at

In this part, calculate the number of periods. Use the Excel Nper function to compute the number of periods.

  1. You expect to receive $30,000 at graduation. You plan on investing it at 4 percent until you have $130,000. How long will you wait from now? (6 Points)

  1. Calculate the number of periods in the table below using the Excel Nper function. (6 Points)

Present Value

Interest Rate

Future Value

Years

$190

7%

$870

?

$2,175

11%

$3,590

?

$47,850

10%

$326,890

?

$38,571

15%

$213,674

?

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