Answered step by step
Verified Expert Solution
Question
1 Approved Answer
MAT 3 3 3 0 - Present and Accumulated Value of Annuities This excel assignment illustrates the present value and the accumulated value of annuities
MAT Present and Accumulated Value of Annuities
This excel assignment illustrates the present value and the accumulated value of annuities both immediate and
due.
Identify and keep four important inputs at the top of the page. We want the ability to change any of these
inputs and have the spreadsheet adjust accordingly. The four inputs are rate of interest, payment amount,
number of payments and immediatedue Put these in the upper left hand corner of your sheet and ideally
color the cells yellow identifying that these are inputs, not calculated cells.
Starting in cell A enter the following column headings.
Cell A Time
Cell B Payment Amount
Cell C Present Value Factor
Cell D Present Value of Payment
Cell Accumulated Value Factor
Cell F Accumulated Value of Payment
In column start time at in row and have it increase by in each subsequent row ending with in
row
Column B shows the payments in the annuity. The spreadsheet needs to interpret three of the four input
items. The three items are i the payment amount, ii the number of payments and iii whether payments
are IMMEDIATE or DUE. Cell Bassociated with time should contain the input value for
payment amount in the upper left hand corner of the spreadsheet IF the annuity type is set to DUE,
otherwise cell B should be zero. Likewise, payments should end at time payment number if the
payment type is set to IMMEDIATE and should end at time payment number if payment type is
DUE. The formula will use the IF function in a nested fashion. The formula will look something like: IF
annuity type DUE, IF time number of payments
I need to know what this would be in excel please
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