Topic 2 worksheet - TVM (Compatibility Mode)

Topic 2 worksheet tvm compatibility mode

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: You have $10,000 to invest. You will need the money you expect to earn 8% per year. How much will you years. What are you looking for? Use the FV formula: FV(rate,nper,pmt,pv) Compute (Notice that the spreadsheet has the same sign conv the calculators with positive inflows and negative outf negative sign was placed before the FV formula to m result positive.) l need the money in 5 years and w much will you have in 5 PV = NPER = RATE = FV = 10,000 5 8% (Same as .08) $14,693.28 same sign convention as nd negative outflows. A...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online