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Module 1 excel problems worked

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6 views

Module 1 excel problems worked

Uploaded by

nharper2296
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Module 1 Chapters 1-3

Problem 2
Credit card purch $1,200
Unpaid bills $1,000
Total current liabilites $2,200
Total long-term liab ????? $162,800
Total Liabilities $165,000
Net Worth $35,000
Total Assets $200,000 Total Liab & NW $200,000

Problem 5

Enter as Formula, fx insert function, PV


N= ? Nper the total number of payment periods in an investment
I/YR = 7.00% 0.07 Rate the interest rate per period
Pmt = 0 0 Pmt the payment made each period
FV = $10,000 10,000 FV FV, or cash balance you want to attain after the last payment is made
PV = $5,000.00 (5,000) PV PV, or a lump-sum amount that a series of future payments is worth now

10.24476835 10 years
Rule of 72= 72
7
10.2857143
Problem 6

Enter as Formula, fx insert function, PV


N= 5 5 Nper the total number of payment periods in an investment
I/YR = 6.00% 0.06 Rate the interest rate per period
Pmt = 0 0 Pmt the payment made each period
FV = ? FV FV, or cash balance you want to attain after the last payment is made
PV = $100,000.00 (100,000) PV PV, or a lump-sum amount that a series of future payments is worth now

$133,822.56

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