Calculate Present Values: For each of the following, compute the present value:
Years |
Interest Rate |
Future Value |
8 |
7 |
$13,827 |
13 |
15 |
43,852 |
17 |
11 |
725,380 |
26 |
18 |
590,710 |
**PLEASE PROVIDE EXCEL FORMULAS
Case-1 | ||||
Future value | 13827 | |||
Multiply: PVF at 7% for 8yrs | 0.582009 | |||
Present value of amount | 8047.438 | |||
Ccase-2 | ||||
Future value | 43852 | |||
Multiply: PVF at 15% for 13yrs | 0.162528 | |||
Present value of amount | 7127.178 | |||
Case-3 | ||||
Future value | 725380 | |||
Multiply: PVF at 11% for 17yrs | 0.169633 | |||
Present value of amount | 123048.4 | |||
Case-4 | ||||
Future value | 590710 | |||
Multiply: PVF at 18% for 26yrs | 0.013523 | |||
Present value of amount | 7988.171 |
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