Discuss the meaning of this mathematical expression and verify it using EXCEL = (1 + r)4...

 

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Discuss the meaning of this mathematical expression and verify it using EXCEL = (1 + r)4 FV4 PVo = FV4 i.e. a) Explain what is the meaning of the ratio PVO b) Explain what is the meaning of the term (1+r) and c) why the term (1+r) it is raised to the forth power i.e. it is multiplied to itself four times. d) Furthermore explain why there is a balance, i.e. the two terms are equal NOTE - non WI sections should provide the written explanation in there Excel sheet, while the WI section in the Word document. Discuss the meaning of this mathematical expression and verify it using EXCEL = (1 + r)4 FV4 PVo = FV4 i.e. a) Explain what is the meaning of the ratio PVO b) Explain what is the meaning of the term (1+r) and c) why the term (1+r) it is raised to the forth power i.e. it is multiplied to itself four times. d) Furthermore explain why there is a balance, i.e. the two terms are equal NOTE - non WI sections should provide the written explanation in there Excel sheet, while the WI section in the Word document.

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