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Trade in Lens Rachel is interested in purchasing a new camera and she wants to know how much she will need to finance after her
Trade in Lens Rachel is interested in purchasing a new camera and she wants to know how much she will need to finance after her current camera has been traded in. Write an Excel formula in cell FinanciallB7 to determine the Purchase Price after her Trade In Value. The new camera will have an annual interest rate of 3% compounded quarterly for 3 years. The payments will be $100 made each quarter. =FV(3%/4,34,100)PhotolH14=PV(3%/4,34,0)(10034)=PV(3%/4,34,100)PhotolH14=PV(3%/4,34,100)+PhotolH14
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