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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.

  1. Number of compounding periods
  2. Periodic interest rate
  3. PV factor used
  4. PV of amount desired at end of period

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