Question

Use the Future Value Function (FV) to determine the future value of the monthly investment. Amount...

Use the Future Value Function (FV) to determine the future value of the monthly investment. Amount invested monthly $300 Number of years invested 20 Interest rate earned 7.00% Future value of investement

i need to do it with an excel formula

Homework Answers

Answer #1

Please see the snapshot from my excel model.

The last column shows the formula used in the preceeding column. The excel formula used in the adjacent cell has been shown in blue color.

The final answer has been calculated in the cell highlighted in yellow color. The adjacent cell highlighted in blue color shows the formula used in the preceeding cell to get the output.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Find the future value of a $18,000 Certificate of Deposit that pays compounded interest every three...
Find the future value of a $18,000 Certificate of Deposit that pays compounded interest every three months at the rate of 6% per year. The CD has a term of 4 years. a) Calculate the FV (Future Value) using the “Future Value or Compound Amount of $1.00” table in your textbook. Reminder: To use Table 13-1, you need to calculate the Number of Periods and the Interest Rate per Period. b)Calculate the FV (Future Value) using the formula: FV =...
Future value is the value today of money at a future point in time. For example...
Future value is the value today of money at a future point in time. For example take a $10 investment that would grow to $100 in five years. The future value of that $10 investment is $100. It is the value today of money tomorrow. It is calculated based on the amount of money, the amount of time (in years) into the future and a given monthly interest rate. Create a method with three parameters that computes future investment using...
. Provide the structure of the Excel commands to calculate pv(present value), fv(future value), rate(interest rate),...
. Provide the structure of the Excel commands to calculate pv(present value), fv(future value), rate(interest rate), pmt(payment), nper(number of periods).
Find the FV of $10,000 33 years in the future if the opportunity cost rate is...
Find the FV of $10,000 33 years in the future if the opportunity cost rate is 8% (use Excel formulas and basic PV/FV techniques). Please show how to do in Excel along with formatting.
Create a formula using the PMT function to calculate the monthly loan payment using interest rate...
Create a formula using the PMT function to calculate the monthly loan payment using interest rate and loan period values in cells C4:C8. Enter the formula with a - (negative) sign to return positive value. Do not specify values for the optional arguments fv or type. Loan amount: $1,000,000 Interest Rate APR- 5.0% Monthly Interest Rate- 0.4% Payment periods (years)- 5 Period (months)- 60
Use the future value formula to find the indicated value. FV=3,000; i=0.03; PMT=$200; n=? n= (Round...
Use the future value formula to find the indicated value. FV=3,000; i=0.03; PMT=$200; n=? n= (Round up to the nearest integer as needed.)
Some amount of principal is invested at a 7.4% annual rate, compounded monthly. The value of...
Some amount of principal is invested at a 7.4% annual rate, compounded monthly. The value of the investment after 7 years is $2185.76. Find the amount originally invested. Round to two decimal places AND Nathan invests $1000 into an account earning interest at an annual rate of 4.7%, compounded annually. 4 years later, he finds a better investment opportunity. At that time, he withdraws his money and then deposits it into an account earning interest at an annual rate of...
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA...
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Invested Amount i = n = Future Value 1. $15,500 5% 12 2. $23,000 5% 6 3. $35,000 11% 18 4. $56,000 6% 14
What would be the future value of $15,555 invested now if it earns interest at 14.5...
What would be the future value of $15,555 invested now if it earns interest at 14.5 percent for seven years? Using a financial calculator, enter 15555 and press PV, enter 14.5 and press %i, and enter 7 and press N. Then, press CPT and FV which gives an answer of 40133.63 or $40,133.63. Using Excel, click financial wizard, then FV, enter 0.14 for rate, 7 for nper, 0 for pmt, 15,555 for PV, 0 for type. Press enter answer is...
Example 1: Future Value (FV) of a Present Single Sum Your client has $500,000 in an...
Example 1: Future Value (FV) of a Present Single Sum Your client has $500,000 in an IRA and has asked you to estimate its value when the client reaches retirement age in 8 years, assuming a 6% return each year. Example 2: Future Value (FV) of a present single Sum with Multiple Interest Rates Same facts as Example 1 except the client would like to adjust the asset allocation of the investments over time, evolving from a more aggressive strategy...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT