Question: Each column is a separate equation - it is complete. For Column 1 - what is the present value if the interest rate is 7%,
Each column is a separate equation - it is complete.
For Column 1 - what is the present value if the interest rate is 7%, time period = 6, and the future value is $15,451
Columnn 2 - what is the interest rate if the present value is $242, time period = 2, and the future value is $303
Column 3 - what is the number of years (time period) if present value is $625, rate of 6% and future value is $1330
need to show all calculations. question is regarding time Value of Money and need to enter in the blank values:
| 2.Complete the table below (You may use Excel functions, a calculator or your own formulas) | |||||
| column 1 | column 2 | column 3 | |||
| Present value | ____________________ | $ 242 | $ 625 | ||
| Interest rate | 7.0% | ____________________ | 6.0% | ||
| Years | 6 | 2 | ____________________ | ||
| Future value | $ 15,451 | $ 303 | $ 1,330 | ||
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