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2 years ago

1. Use a financial calculator or computer software program to answer the following questions:

Business

1 answer:

netineya [11]2 years ago

3 0

Answer:

a. $66,889.63

b. $107,726.42

Explanation:

We use the Present value function that is to be reflected on the attachment

a. In the first case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $66,889.63

b. In the second case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $107,726.42

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