TVM ----

Ben has a savings bond that will mature 17 years from now at a value of $ 832,000. What is a fair value for Ben's savings bond today, if the market rate of interest for similar items is 17% compounded semiannually? Fill-in the TVM Framework Table: If any value is not present, enter the number zero, O For the unknown amount, the amount to be determined, enter a "?" For any dollar amounts, leave-off the dollar sign, but enter commas to separate thousands. Please follow the order of the table in the lecture. TVM DataFrame Now, use the values from the table to answer the question. You may want to use all of the methods (calculator, Excel, table, or formula) to make sure that you can arrive at the same answer. The value of Ben's savings bond today is is $ (round answer to nearest dollar, do not enter dollar sign). @ end of Yr1: Step 1: Write-down the "TVM Data Frame" n PV PMT FV n PV PMT FV Step 1: Take notes from the problem i 6% 2 Step 2: Fill-out the final row of the TVM Data Frame 100 ? n PV PMT FV 6% 100 -0- nx c= / x2 2 i + c = 6% +2 3% 2 Ben has a savings bond that will mature 17 years from now at a value of $ 832,000. What is a fair value for Ben's savings bond today, if the market rate of interest for similar items is 17% compounded semiannually? Fill-in the TVM Framework Table: If any value is not present, enter the number zero, O For the unknown amount, the amount to be determined, enter a "?" For any dollar amounts, leave-off the dollar sign, but enter commas to separate thousands. Please follow the order of the table in the lecture. TVM DataFrame Now, use the values from the table to answer the question. You may want to use all of the methods (calculator, Excel, table, or formula) to make sure that you can arrive at the same answer. The value of Ben's savings bond today is is $ (round answer to nearest dollar, do not enter dollar sign). @ end of Yr1: Step 1: Write-down the "TVM Data Frame" n PV PMT FV n PV PMT FV Step 1: Take notes from the problem i 6% 2 Step 2: Fill-out the final row of the TVM Data Frame 100 ? n PV PMT FV 6% 100 -0- nx c= / x2 2 i + c = 6% +2 3% 2