Question: The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do
The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers as positive values.
Download spreadsheet Time value of money-913538.xlsx
a. Find the FV of $1,000 invested to earn 12% after 5 years. Round your answer to the nearest cent.
$ fill in the blank 2
b. What is the investment's FV at rates of 0%, 5%, and 30% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent.
| Year | Interest Rate | ||
| 0% | 5% | 30% | |
| 0 | $ fill in the blank 3 | $ fill in the blank 4 | $ fill in the blank 5 |
| 1 | $ fill in the blank 6 | $ fill in the blank 7 | $ fill in the blank 8 |
| 2 | $ fill in the blank 9 | $ fill in the blank 10 | $ fill in the blank 11 |
| 3 | $ fill in the blank 12 | $ fill in the blank 13 | $ fill in the blank 14 |
| 4 | $ fill in the blank 15 | $ fill in the blank 16 | $ fill in the blank 17 |
| 5 | $ fill in the blank 18 | $ fill in the blank 19 | $ fill in the blank 20 |
l. Suppose you borrow $16,000. The interest rate is 10%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".
| Beginning | Repayment | Ending | |||
| Year | Balance | Payment | Interest | of Principal | Balance |
| 1 | $ fill in the blank 60 | $ fill in the blank 61 | $ fill in the blank 62 | $ fill in the blank 63 | $ fill in the blank 64 |
| 2 | $ fill in the blank 65 | $ fill in the blank 66 | $ fill in the blank 67 | $ fill in the blank 68 | $ fill in the blank 69 |
| 3 | $ fill in the blank 70 | $ fill in the blank 71 | $ fill in the blank 72 | $ fill in the blank 73 | $ fill in the blank 74 |
| 4 | $ fill in the blank 75 | $ fill in the blank 76 | $ fill in the blank 77 | $ fill in the blank 78 | $ fill in the blank 79 |
l. Suppose you borrow $16,000. The interest rate is 10%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".
| Beginning | Repayment | Ending | |||
| Year | Balance | Payment | Interest | of Principal | Balance |
| 1 | $ fill in the blank 60 | $ fill in the blank 61 | $ fill in the blank 62 | $ fill in the blank 63 | $ fill in the blank 64 |
| 2 | $ fill in the blank 65 | $ fill in the blank 66 | $ fill in the blank 67 | $ fill in the blank 68 | $ fill in the blank 69 |
| 3 | $ fill in the blank 70 | $ fill in the blank 71 | $ fill in the blank 72 | $ fill in the blank 73 | $ fill in the blank 74 |
| 4 | $ fill in the blank 75 | $ fill in the blank 76 | $ fill in the blank 77 | $ fill in the blank 78 | $ fill in the blank 79 |
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