- Problem 1 You Are Offered An Investment That Will Pay You 2400 Cad To Be Entered Into Cell B1 Per Year For 12 Years 1 (46.08 KiB) Viewed 39 times
Problem #1: You are offered an investment that will pay you $2400 CAD [to be entered into cell B1] per year for 12 years [to be entered into cell B2]. You can earn a rate of 1.3% per year [to be entered into cell B3] on similar investments. B с A 1 Payment 2 Years 3 Annual Rate 4 5 Present Value 6 7 (a) How much should you be willing to pay for this annuity (cell B5)? Use the PV function. (b) What is the correct formula (using 14 characters or less) that should be placed in cell B5? Problem #1(a): Answer correct to 2 decimals Problem #1(b): Just Save Submit Problem #1 for Grading