Future value fv - Study guides, Class notes & Summaries

Allows you to automatically populate cells in a worksheet - Answer-Fill Feature Allows you to complete a pattern within a range of cells - Answer-Series Feature Allows you to lock rows and columns when you navigate through a data table - Answer-Freeze Pain Feature Allows information on the table to be presented in an organized fashion - Answer-Sorting Feature Allows you to display only specific information on a data table - Answer-Filtering Feature cells automatically update when a formula...

Which loan type requires the borrower to repay a single lump sum payment at some time in the future with interest? o :## pure discount Pure Discount Loans are the simplest form of loan. Which loan type requires calls for the borrower to pay interest each period and to repay the entire principal at some point in the future? o :## Interest-only Suppose a business takes out a $7,000, five-year loan at 6 percent that will be paid annually with a single, fixed payment each period. How much...

RATE - ANSWERScalculates the interest rate earned for an investment given the number of payments made as part of the investment, the payment amount, and the current value of the investment. (nper, pmt, pv, [fv], [type], [guess]) =RATE(Number of Payments, Monthly Payment Amount, Loan Amount)*12 EFFECT - ANSWERScalculates the annual percentage rate for an interest rate given the number of times per year that interest is charged. (nominal_rate, npery) =effect(Interest Rate, Number of...

Segregated Funds & Annuities - Chapter 1 Latest Update 100% Pass A GIC (Reference: Chapter 1) A client wants to ensure the full original investment will be repaid, plus a profit. What would be an appropriate recommendation for this client? Interest. (Reference: Chapter 1) Mary owns stock in a US-based company which trades on the Nasdaq exchange. Mary receives a dividend from her stock. How is the dividend taxed? Market risk. (Reference: Chapter 1) What type of risk refers to the possibil...

Value of a property or mortgage thus depends on: - 1. Magnitude 2. Timing 3. Riskiness of expected cash flows TVM timelines always starts with - - "Time Zero" Mortgage (debt) timelines normally - 30 years Most commercial property ownership - 3-7 years Amount at time "zero" - PV A single cash flow at any future time point - FV A repeating amount of cash inflow or outflow, flow normally begins at end of first period, sometimes at time zero - PMT This is the measure of time and the n...

Wall Street Prep Excel Crash Course Formulas Explained Exam All Questions And Correct Answers PV (Present Value) Function - ANSWER-Definition: This function provides the present value of a constant stream of cash flows based on the following arguments... 1) Rate: The Annual Interest Rate (Discount Rate) 2) NPER: Total number of payment periods 3) PMT: Payment made during each period 4) FV: Future Value [NOT Required] 5) Type: Indicates when payments are due [0/Omitted means end of period, ...

Problem 4-3 One Year Future Value (LG4-2) What is the future value of $650 deposited for one year earning an 10 percent interest rate annually? - Answer FVN = PV × (1 + i)N FV1 = $650 × (1 + 0.10)1 = $650 × 1.10 = $715 Or N = 1, I = 10, PV = −650, PMT = 0, CPT FV == 715 Problem 4-5 Multiyear Future Value (LG4-3) How much would be in your savings account in eight years after depositing $240 today if the bank pays 8 percent per year? - Answer FVN = PV × (1 + i)N...

Frank purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. The mortgage has a fixed interest rate of 5 percent compounded monthly. If he wants to pay off his mortgage today, how much money does he need? He made his most recent mortgage payment earlier today. (Round your intermediate calculation and your answer to two decimal places.) Selected Answer: correct answer: b. $76,136.95 Answer Feedback: Correct. Using a financial calculator, enter N = 300, I/Y = 5/12, PV ...

COSC 1301 Excel 2024 Exam Questions and Answers All Correct A logical function works with statements that are ________ . a. numerical b. intangible in nature c. either true or false d. open-ended - Answer-c. either true or false ________ can extend a series of numbers, patterned text, and dates into an adjacent cell or range. a. AutoFill b. The Rangefinder c. Drag-and-drop d. The Formula Extender - Answer-a. AutoFill ________ value is the amount that each numeric ...

CFA Level 1: Quantitative Methods Test || With 100% Accurate Solutions CFA Level 1: Quantitative Methods Test || With 100% Accurate Solutions What do I use when I want to assign every member of a group of size n to n slots? - ANSWER - n factorial. What do I use when I want to count the number of ways to apply one of three or more labels to each member of a group? - ANSWER - Multinomial. What do I use when I want to count the number of ways I can choose r objects from n, when the order ...