Question: 1. Where within the Excel spreadsheet and its different menus (under what menu button option) can you find the different functions that will enable you
1. Where within the Excel spreadsheet and its different menus (under what menu button option) can you find the different functions that will enable you to solve for different time value of money factors?
2. Following the instructions laid out in this video, calcule the following TVM variables in Excel:
a) Find a Future Value (FV): Calculate FV when PV= -1,000, N= 5, I/Y= 4, and PMT= 0.
b) Find a Present Value (PV): Calculate PV when FV= 2,000, N= 7, I/Y= 5, and PMT= 0.
c) Find the Number of Periods (N) when FV= 5,000, PV= -3,000, I/Y= 3, and PMT= 0.
d) Find the Interest Rate (I/Y) when FV= 6,000, PV= -1,500, N=10, and PMT= 0.
e) Find the Payment (PMT) when FV= 15,000, PV= -8,000, N=12, and I/Y= 4.
d) Find the Interest Rate (I/Y) when FV= 6,000, PV= -1,500, N=10, and PMT= 0.
e) Find the Payment (PMT) when FV= 15,000, PV= -8,000, N=12, and I/Y= 4.
Note: Include your name and UST ID in the Excel spreadsheet.
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