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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...
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- Spring '10