show to work with formulas plz. do not use excel. also plz try to explain clearly as you go. I am very confused about this problem
Homework Answers
Solution:
a). Present value on september 7, Z-1 :
= PV(1.5%,47,-100,,1)/(1.015^3)
= 3256.88
b). Current value on March 7,Z+8 :
= FV(1.5%,47,-100,,1)(1.015^-16)
= 5403.15
c). Accumulated value on June 7, Z+12 :
= FV(1.5%,47,-100,,1)1.015
= 6959.37
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