FOR MORE CLASSES VISIT www . fin419assist . com
This Tutorial comes with a excel sheet P3-1
Future Value . Fill in the future values for the following table using one of the three methods below :
a . Use the future value formula , FV = PV *( 1 + r ) n . b . Use the TVM keys from a calculor . c . Use the TVM function in a spreadsheet . P3 – 4
Future Value . Grand opening Bank is offering a one-time investment opportunity for its new customer . A customer opening a new checking account can buy a special saving bond for $ 400 today , Which the bank will compound at 8.5 % for the next ten years . The savings bond must be held for at least five years , but can then be cashed in at end of any year starting with years five . What is the value of the bond at each cash-in date up through year ten ?
What is the value of the savings bond at the end of year five ? a . What is the value of the savings bond at the end of year five ? b . What is the value of the savings bond at the end of year six ?