Question: please show the formula and answer in excel f find...
Please show the formula and answer in Excel
|f. Find the PV of an ordinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate is 15%. Then find the FV of that same annuity.|
|Inputs:||PMT =||$ 1,000|
|PV: Use function wizard (PV)||PV =|
|FV: Use function wizard (FV)||FV =|