ADay_Module 2 Spreadsheet_11262017.xlsx

ADay_Module 2 Spreadsheet_11262017.xlsx - Rasmussen College...

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Rasmussen College - BUS 330 - Module 02 Written Assignment - Problems: Time Valu Problem 1 1. Present Value Interest Rate # Years Example: $10,000 7.5% 20 $ 42,479 a. $10,000 5.0% 20 $ 26,533 b. $10,000 10.0% 20 $ 67,275 c. $34,029 8.0% 5 $ 50,000 d. $23,160 8.0% 10 $ 50,000 e. $25,000 12.9% 5 $ 50,000 ^ used calulator Below you are presented with a series of present and future values, annual compounding intere present and future values. For each set of values calculate the missing term (highlighted in yello Future Value
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ue of Money est rates and the number of years between the ow):
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Rasmussen College - BUS 330 - Module 02 Written Assignment - Problems: Time Valu Problem 2 2. a. Enter and/or calculate the cells highlighted in yellow (as an example, Year 1 has been calculat Year 0 $ 67,101 1 $10,000 0.926 $ 9,259 2 $10,000 0.857 $ 8,573 3 $10,000 0.794 $ 7,938 4 $10,000 0.735 $ 7,350 5 $10,000 0.681 $ 6,806 6 $10,000 0.630 $ 6,302 7 $10,000 0.583 $ 5,835 8 $10,000 0.540 $ 5,403 9 $10,000 0.500 $ 5,002 10 $10,000 0.463 $ 4,632 b. RATE: 8% NPER: 10 PMT: $ 10,000 PV Function: $ 67,101 You won a lottery which pays $10,000 per year for 10 years (starting at the beginning of next ye the present value of your expected winnings. Annual Payment Present Value Factor (PVF) Present Value (PV) Use the PV function of Excel to calculate the present value.
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