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Need help writing correct formula in excel. Should be getting answer provided below. 2. Your aunt told you that she will give you $10,000 five
Need help writing correct formula in excel. Should be getting answer provided below.
2. Your aunt told you that she will give you $10,000 five years from now. If the current interest rate for an investment is 6.5% per year and interest is compounded quarterly, what is the current value of that money? (Hint: Use the PV function) Numeric Answers to Exercises (you have to write the formulas to calculate the numbers) Step by Step Solution
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