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Integrated Excel Problem 12-2 (Static) Based on Drill problem 12-8 Amount Desired at End of Period Length of Time (years) Annual Rate Compounded $ 8,900.00
Integrated Excel Problem 12-2 (Static) Based on Drill problem 12-8
Amount Desired at End of Period | Length of Time (years) | Annual Rate | Compounded |
---|---|---|---|
$ 8,900.00 | 4 | 6% | Monthly |
Required:
Complete the following using the information above and the present value table 12.3 provided in the file.
- Number of compounding periods
- Periodic interest rate
- PV factor used
- PV of amount desired at end of period
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