PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
PLEASE... PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
(NOT WRITTING)
5.-
An investor offered to buy a $150,000.00 non-interest bearing promissory note that matures in 4 years, at a price that yields 9% effective annual interest. Calculate the price offered (future value).
Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.
Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
Extracted text: Un inversionista ofreció comprar un pagaré de $150,000.00 sin intereses que vence dentro de 4 años, a un precio que le produzca el 9% efectivo anual. Calcula el precio ofrecido (valor futuro).