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Need Excel Format and screenshot The attached printout of an Excel spreadsheet shows the use of six financial formulas related to the time-value-of-money concepts discussed

Need Excel Format and screenshot

The attached printout of an Excel spreadsheet shows the use of six financial formulas related to the time-value-of-money concepts discussed in Chapter 5. Your task is to reproduce the spreadsheet using Excel financial formulas in the red cells, which have the names shown in blue in the adjacent cells. You can find the financial formulas in Excel by clicking on Formulas at the top of the spreadsheet, and then clicking on Financial.

You will submit your spreadsheet through D2L, and I will check your work by changing one of the input values for each formula to see if your spreadsheet calculates the correct answer.

Note that interest rates in Excel are entered in decimal form, not as a percent as with the TI calculator. For example, in Excel 9.5% is entered in a cell as 0.095. Also, the type variable for each formula defines when the cash flows occur. Setting type equal to 0 means the cash flows occur at the end of each period. Setting type equal to 1 means the cash flows occur at the beginning of each period.

A

B

C

1

Present value

2

Rate

0.11

3

Nper

8

4

PMT

10

5

FV

100

6

Type

0

7

PV

94.85

8

9

Number of periods

10

Rate

0.11

11

PMT

10

12

PV

94.85

13

FV

100

14

Type

0

15

Nper

8.01

16

17

Payment

18

Rate

0.11

19

Nper

8

20

PV

94.85

21

FV

100

22

Type

0

23

PMT

10.00

24

25

Interest rate

26

Nper

8

27

PMT

10

28

PV

94.85

29

FV

100

30

Type

0

31

Rate

0.11

32

33

Future value

34

Rate

0.11

35

Nper

8

36

PMT

10

37

PV

94.85

38

Type

0

39

FV

99.99

40

41

Net present value

42

Rate

0.11

43

Value 1

100

44

Value 2

200

45

Value 3

300

46

Value 4

400

47

Value 5

500

48

NPV

1031.99

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