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Please include all the details and how to solve G H (Worth 5 points) I J K L M C D 1 Future Value Calculations
Please include all the details and how to solve
G H (Worth 5 points) I J K L M C D 1 Future Value Calculations (Worth 5 points) 2 Present Value 1,000.00 3 Years 4 Rate 10% 5 Future Value E F Present Value Calculations Future Value 0.00 Years Rate 10% Present Value 6 7 Instructions: 8 Use the FV and PV functions as explained below. 9 FV(RATE, NPER, PMT, PV, TYPE) 10 There are five arguments to the Fv function. RATE is the interest rate per period (year, 11 month, day, etc.), NPER is the total number of periods, and PV is the present value. PMT and 12 TYPE are included to handle annuities (a series of equal payments, equally spaced over time), 13 which we will deal with later. For the problem types we are currently solving, we will set 14 both PMT and TYPE to 0. 15 The TYPE argument tells Excel whether the cash flows occur at the end (0) or beginning (1) of the 16 period. 17 18 PV function is similar. So I omit the explanation. 19 Now use the FV or PV functions in 20 Hint: Excel realizes that either the PV or the FV must be a cash outflow. So you should consider using a minus sign somewhere in your function. 21Step by Step Solution
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