Problem 7

PV 2300000 PV 2300000
FV 10000000 FV 10000000
Rate 5% Rate 16%
NPER 30.122382 NPER 9.90214203

PV 2300000 PV 2300000
FV 10000000 FV 10000000
Rate 5% Rate 16%
NPER 30.122382 NPER 9.90214203

Problem 8

PV 1500000
FV 5000000
Rate 12%
NPER 10.623725

Assignment 9

FV 700000 FV 700000
PV 200000 PV 200000
r 6% r 6%
NPER 21.499682 NPER 21.4996815
 Rate is the interest rate per period. For example, if you obtain an automobile loan at a 10 percent annual

Nper is the total number of payment periods in an annuity. For example, if you get a four-year car loan an

Pmt is the payment made each period and cannot change over the life of the annuity. Typically, pmt inclu

Pv is the present value, or the lump-sum amount that a series of future payments is worth right now. If pv

Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted

Type is the number 0 or 1 and indicates when payments are due.Set type equal to If payments are due 0 o

0.638272
0.021189 30.12238

PPT

10.62373

1.096478
bile loan at a 10 percent annual interest rate and make monthly payments, your interest rate per month is 10%/12, or 0.83%. You would en

if you get a four-year car loan and make monthly payments, your loan has 4*12 (or 48) periods. You would enter 48 into the formula for np

the annuity. Typically, pmt includes principal and interest but no other fees or taxes. For example, the monthly payments on a $10,000, fou

ayments is worth right now. If pv is omitted, it is assumed to be 0 (zero), and you must include the pmt argument.

payment is made. If fv is omitted, it is assumed to be 0 (the future value of a loan, for example, is 0). For example, if you want to save $50,0

equal to If payments are due 0 or omitted At the end of the period 1 At the beginning of the period
10%/12, or 0.83%. You would enter 10%/12, or 0.83%, or 0.0083, into the formula as the rate.

enter 48 into the formula for nper.

nthly payments on a $10,000, four-year car loan at 12 percent are $263.33. You would enter -263.33 into the formula as the pmt. If pmt is o

ample, if you want to save $50,000 to pay for a special project in 18 years, then $50,000 is the future value. You could then make a conserv
e formula as the pmt. If pmt is omitted, you must include the fv argument.

. You could then make a conservative guess at an interest rate and determine how much you must save each month. If fv is omitted, you m
ch month. If fv is omitted, you must include the pmt argument.
An Example
PV 5000 PV 5000
FV 50000 FV 50000
NPER 12 NPER 12
Rate 0.21152766 Rate 21%

Problem 9
PV 10000 PV 10000
FV 1000000 FV 1000000
NPER 50 NPER 50
Rate 0.0964782 Rate 10%

-0.0282896395
40
-1.1315855795
PPT
Class Assignment 3
PV 55000 PV 55000
FV 290000 FV 290000
NPER 18 NPER 18
Rate 0.09676371 Rate 10%

PPT
Present Value (PV) 8,560

Rate of Interest ( r) 4%

Compound Period (m) 4

Periods (N) 8

FV 11769.49
Present Value (PV) 6635.602

Rate of Interest ( r) 5%

Compound Period (m) 12

Periods (N) 20

FV 18,000
Present Value (PV)
Rate of Interest ( r)
Compound Period (m)
Periods (N)
FV
Problem 15

Loan amount
Monthly payment
Periods
Compounding periods
Rate

Stated Annual Interest 28%

Compounding Period (m) 12

Periodic Interest Rate 2%

Effective Annual Rate (E 0.32301061 EAR
28804.709078534

10%

365

58,000

25000
2416.67
12
12
0.2832854475 APR

PPT