The built-in function PV can easily calculate the present value with the given information. Enter “Present Value” into cell A4, and then enter the PV formula in B4, =PV(rate, nper, pmt, [fv], [type], which, in our example, is “=PV(B2,B1,0,B3).” Since there are no inter...
FVn=PV(1+i)n=PV(FVIFi,n) What does this equation mean in words? Time Value of Money: The time value of money refers to the understanding that money on hand now is more valuable than the same amount in the future, due to the fact that it could be invested and ear...
The Excel functions used to determine grades are as follows: IF function: The IF formula can be used to compute grades. It is a function in which a...Become a member and unlock all Study Answers Start today. Try it now Create an ac...