Chapter 2

(b) Spreadsheet function is = -FV(10%,3,,100000) + 885000. Display is $1,018,000 . 2.5 (a) P = 19,000(P/F,10%,7) = 19,000(0.5132) = $9750.80 (b) If the calculator function is PV(10,7,0,19000), display is P = $-9750.00 (c) If the spreadsheet function is = -PV(10%,7,,19000), display is $9750.00 . 2.6 (a) Total for 7 lots is 7(120,000) = $840,000 ................
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