Question: PPLEASE! use the PV function in EXCEL, because there is a decimals that it will show as I want ! Like the first picture (

PPLEASE! use the PV function in EXCEL, because there is a decimalsPPLEASE! use the PV function in EXCEL, because there is a decimals that it will show as I want ! Like the first picture ( I attached an example )

that it will show as I want ! Like the first picture

B D E A 1 2 Market interest rate (Rate) 3 Number of time periods (Nper) 4 Cash interest payment (Pmt) 5 Future value to be received or Face value of bonds (Fv) 6 7 Present value of bonds 8 8% 5 -175 -5,000 $4.797.23 Shriver Corp. purchased five $1,000 7% bonds of Simplex Corporation when the market rate of interest was 6%. Interest is paid semiannually, and the bonds will mature in ten years. Using the PV function in Excel, compute the price Shriver paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.) Shriver paid 0 on the bond investment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!