Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work Year 47000 Cash Flow 0-10P 1 -2.5P 2 3 3.1P 4 4.5P 5 P 6 7 2P -20000 T The interest

image text in transcribed\

please show work

Year 47000 Cash Flow 0-10P 1 -2.5P 2 3 3.1P 4 4.5P 5 P 6 7 2P -20000 T The interest rate is 4.0% Use the goal seek function to answer these questions. 6a. What is the value of P at 4.0% to make all of the cash flow transactions balance out? 6b. If P is $6500 we will need a diferent rate. What is that new rate to balance out the transctions. Show work 6500 we will

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Many Faces Of Crisis An Analysis Of Crisis Management From An Economic And Political Perspective

Authors: Marek A. Cichocki , Tomasz Grzegorz Grosse

1st Edition

3631791259, 3631791992, 9783631791998

More Books

Students also viewed these Finance questions