Time Value of the money (2)
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E6-3 (Computation of Future Values and Present Values) Using the appropriate interest table or Excel formula, answer each of the following questions: (Each case is independent of the others.)
(1) What is the future value of $7,000 at the end of 5 periods at 8% compounded interest?
(2) What is the present value of $7,000 due 8 periods hence, discounted at 11%
(3) What is the future value of 15 periodic payments of $7,000 each made at the end of each period and compounded at 10%?
(4) What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?
Note: Students using the tables or other sources of present and future values may have values slightly
different due to rounding.
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This suggested solution uses a dynamic Excel file showing various Time Value Situations. Computation is done using an Excel formula.
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