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Please use Excel formulas and plug in information given. The questions were answered earlier not giving excel formulas and confused me . Thank you! Time
Please use Excel formulas and plug in information given. The questions were answered earlier not giving excel formulas and confused me Thank you!
Time Value of Money Annuity
Create an appropriate TVM formula using the supplied values in the appropriate cell so Excel can calculate the answer.
Calculations
What is the future value of a $ annuity payment over five years if interest rates are
What is the present value of a $ annuity payment over six years if interest rates are
tableWrite the formula hereAnswer
Assume you purchased a house on January for $ You had made a down payment of on the house and the balance was financed with a year loan at per annum stated APR with monthly payments to be made beginning January What are your monthly pavments?
tableWrite the formula hereAnswer here
Judith just become eligible to participate in her company's retirement plan. Her company does not match contributions, but the plan does average an annual return of Judith is and plans to work to age If she contributes $ per month, how much will she have in her retirement plan at retirement?
tableWrite the formula hereAnswer here
How much do you have to deposit today so that exactly years from now you can withdraw $ a year for the next five years? Assume an interest rate of
tableWrite the formula hereAnswer here
Question
Imagine that a friend tells you that you should not rush to pay off your mortgage early because you will lose out on the interest tax deductions you are getting. Discuss the role of amortization of mortgages in your analysis of the issue.
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