Question

In: Finance

With respect to $3888.38 = FV (I, N, PMT, PV) in Excel, what does the $3888.38...

With respect to $3888.38 = FV (I, N, PMT, PV) in Excel, what does the $3888.38 represent? (Note: The third element is a payment.) How do I explain the $3338.38 to a colleague?

Solutions

Expert Solution


Related Solutions

There are five time value of money components – FV, PV, N, I, and PMT. Briefly...
There are five time value of money components – FV, PV, N, I, and PMT. Briefly describe each and create a hypothetical and realistic calculation word problem to find one of the components
Derivation of FV of Ordinary Annuity (FV=PMT[(1+i)^n -1)]/i)
Derivation of FV of Ordinary Annuity (FV=PMT[(1+i)^n -1)]/i)
PV=7210 PMT=490 N=5 FV=7000 How would i calculate the market rate, please show work
PV=7210 PMT=490 N=5 FV=7000 How would i calculate the market rate, please show work
PV=7210 PMT=490 N=5 FV=7000 How would i calculate the market rate, please show work
PV=7210 PMT=490 N=5 FV=7000 How would i calculate the market rate, please show work
PV=7210 PMT=490 N=5 FV=7000 How would i calculate the market rate, please show work
PV=7210 PMT=490 N=5 FV=7000 How would i calculate the market rate, please show work
Please explain the variables- PV, FV, N, PMT, I/Y, C/Y, and P/Y. Can you please write...
Please explain the variables- PV, FV, N, PMT, I/Y, C/Y, and P/Y. Can you please write equations that connect these variables? Can you please write equation for the arithmetic progression annuity?
#The numpy function np.pv(rate, nper, pmt, fv=0, when='end') works like the Excel pv() function to calculate...
#The numpy function np.pv(rate, nper, pmt, fv=0, when='end') works like the Excel pv() function to calculate the present value of an annuity. The last two inputs (fv and when) are optional. -Assuming that the annualized percentage interest rate is 4%. An annuity investment offers monthly payments of $30,000 per month for 5 years. a. Calculate the present value this investment using the np.pv() function and print the answer. b. Keeping the size and number of payments the same, graph the...
PMT = (PV)i 1 − (1 + i)−n .A loan of $250,000 is amortized over 30...
PMT = (PV)i 1 − (1 + i)−n .A loan of $250,000 is amortized over 30 years with payments at the end of each month and an interest rate of 6.3%, compounded monthly. Use Excel to create an amortization table showing, for each of the 360 payments, the beginning balance, the interest owed, the principal, the payment amount, and the ending balance. a) Find the amount of each payment. $ b) Find the total amount of interest paid during the...
Hello, I am confused on the difference between PV and PV (annuity), FV and FV(annuity). I...
Hello, I am confused on the difference between PV and PV (annuity), FV and FV(annuity). I do not know when to use one formula over the other. Is there a way you can simplify when to use each formula? The key differences? Key phrases or words I should associate them with? An easy way to remember how each formula is used? I am confused on TVM equations. For example) #1. You buy a property for $100,000 and you are offered...
Please use PV, FV, R, PMT, N when answering. 1. Your best friend Frank just celebrated...
Please use PV, FV, R, PMT, N when answering. 1. Your best friend Frank just celebrated his 30th birthday and wants to start saving for his anticipated retirement. Frank plans to retire in 35 years and believes that he will have 20 good years of retirement and believes that if he can withdraw $90,000 at the end of each year, he can enjoy his retirement. Assume that a reasonable rate of interest for Frank for all scenarios presented below is...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT