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3 years ago

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

Business

1 answer:

netineya [11]3 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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<h3>How to compute the statement of cash flow</h3>

<u>Cash flow from operating activities</u>

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Read 2 more answers

with financial calculator You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made i

prohojiy [21]

Answer:

FV= $6,308.12

Explanation:

Giving the following information:

Semiannual deposit= $1,000

Number of periods= 6

Interest rate= 4%= 0.04= 0.04/2= 0.02

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= semiannual deposit

FV= {1,000*[(1.02^6) - 1]} / 0.02

FV= $6,308.12

<u>In a financial calculator:</u>

Function: CMPD

Set: End

n= 6

i= 2

PV= 0

PMT= 1,000

FV= solve= 6,308.120963

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3 years ago