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  • Finding The Future Value of $24 Using A Spreadsheet Inputs: Formula in Cell B8

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    Ives Lee
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    This document shows how to calculate the future value of $24 using a spreadsheet, with an interest rate of 8% compounded over 385 periods with no payments. The formula =FV(B3,B4,B5,B6) is used, where B3 is the interest rate of 0.08, B4 is the periods of 385, B5 is the payment of 0, and B6 is the present value of -$24, resulting in a future value of $177,156,505,159,084.

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    Chapter05-Spreadsheet5-1

    Original Title

    Chapter05-Spreadsheet5-1

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    This document shows how to calculate the future value of $24 using a spreadsheet, with an interest rate of 8% compounded over 385 periods with no payments. The formula =FV(B3,B4,B5,B6) is used, where B3 is the interest rate of 0.08, B4 is the periods of 385, B5 is the payment of 0, and B6 is the present value of -$24, resulting in a future value of $177,156,505,159,084.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    31 views1 page

    Finding The Future Value of $24 Using A Spreadsheet Inputs: Formula in Cell B8

    Uploaded by

    Ives Lee
    This document shows how to calculate the future value of $24 using a spreadsheet, with an interest rate of 8% compounded over 385 periods with no payments. The formula =FV(B3,B4,B5,B6) is used, where B3 is the interest rate of 0.08, B4 is the periods of 385, B5 is the payment of 0, and B6 is the present value of -$24, resulting in a future value of $177,156,505,159,084.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Finding the future value of $24 using a spreadsheet

    INPUTS
    Interest rate 0.08
    Periods 385
    Payment 0
    Present value (PV) -24
    Formula in cell B8
    Future value $177,156,505,159,084 =FV(B3,B4,B5,B6)

    Notice that we enter the present value in cell B6 as a negative number,


    since the "purchase price" is a cash outflow. The interest rate in cell B3
    is entered as a decimal, not a percentage.

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