Question: Time Value of Money: Annuities due MS Excel Function for FV: =FV(RATE, NPER, PMT, [PV], 1) Example 1. Example 2. Question 1. begin{tabular}{|l|} hline Youwillsetaside$250atthebeginningofeachyearforthenext10years.Thesavingsaccountwhereyoudepositthemoneyisearningyoua3.75%annualinterest.Howmuchwillyouhaveattheendof10years?

 Time Value of Money: Annuities due MS Excel Function for FV:

Time Value of Money: Annuities due MS Excel Function for FV: =FV(RATE, NPER, PMT, [PV], 1) Example 1. Example 2. Question 1. \begin{tabular}{|l|} \hline Youwillsetaside$250atthebeginningofeachyearforthenext10years.Thesavingsaccountwhereyoudepositthemoneyisearningyoua3.75%annualinterest.Howmuchwillyouhaveattheendof10years? \\ \hline \end{tabular} Question 3. \begin{tabular}{|c|c|c|c|c|} \hline NPER & RATE & PV & PMT & FV \\ \hline & & & & \\ \hline \end{tabular} Question 4. Youareconsideringamonthlycarinsuranceandhavereceivedaquoteof$75permonth?Iftheproperdiscountrateis4%,whatisthepresentvalueofthisannualcontract? \begin{tabular}{|l|l|l|l|l|} NPER & RATE & PV & PMT & FV \\ \hline \end{tabular} Question 5. Youhavefoundagreatcondotorentforthenextyear.Themonthlyrentis$1,200ifyousignamonthlycontract.Ifyouropportunitycost(hint:discountrote)is4.3%peryearcompoundedmonthly,whatisthepresentvalueofthisrentalcontract? \begin{tabular}{|l|l|l|l|l|} \hline NPER & RATE & PV & PMT & FV \\ \hline & & & & \\ \hline \end{tabular} Question 6. Timeline to illustrate these cash flows

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