Question: This needs to be done in Excel or using R. There are seven inputs total that I need: Number of payments, payment amount, future value,

This needs to be done in Excel or using R. There areThis needs to be done in Excel or using R. There are seven inputs total that I need: Number of payments, payment amount, future value, present value, payments/period(P/Y), Compunds/period(C/Y) and interest rate(I/Y). I should be able to find the value of N,I/Y, PMT, FV and PV using the remaing four inputs with C/Y and P/Y. For example, If I wanted to find PV, I would have input for the 6 remaining variables. I also should be able to calculate both annuity due and immediate. My question is how would I set this up in Excel or R with all the inputs?

Part I: Objective: Learn how to implement concepts related to annuities Create an Excel sheet which can calculate PV, FV, N, PMT, I/Y for annuity due and annuity immediate given other four quantities. In short, I want your excel sheet to imitate what BA II-Plus calculator annuity functions do. In BAll-Plus, when you enter four of FV, PV, PMT, N, I/Y it will give you the remaining quantity. - Your excel sheet should work for annuity due as well as annuity immediate. - In BAll plus calculator, I/Y is nominal rate and inside that function you can input C/Y and P/Y, your program should imitate this too. Extra credit: Now try to expand the program. - Extend the program to arithmetic progression annuity by requesting P and Q (for annuity due and immediate). This program should calculate present value/ future value - Extend the program to geometric progression annuity by requesting "g" (for annuity due and immediate). This program should calculate present value/ future value Part I: Objective: Learn how to implement concepts related to annuities Create an Excel sheet which can calculate PV, FV, N, PMT, I/Y for annuity due and annuity immediate given other four quantities. In short, I want your excel sheet to imitate what BA II-Plus calculator annuity functions do. In BAll-Plus, when you enter four of FV, PV, PMT, N, I/Y it will give you the remaining quantity. - Your excel sheet should work for annuity due as well as annuity immediate. - In BAll plus calculator, I/Y is nominal rate and inside that function you can input C/Y and P/Y, your program should imitate this too. Extra credit: Now try to expand the program. - Extend the program to arithmetic progression annuity by requesting P and Q (for annuity due and immediate). This program should calculate present value/ future value - Extend the program to geometric progression annuity by requesting "g" (for annuity due and immediate). This program should calculate present value/ future value

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 Finance Questions!