management team has decided to permanently implement remote working for all technical staff and sell a part of its office to a coworking outfit for $500,000. The firm will invest the entire proceeds to earn 5% per year. Given these data, compute how much the firm can expect to withdraw at the end of 5 years. (i) Enter values of required rate, number of periods and PV in cells C4, C5 and C7 respectively. (ii) Write formula in cell F5 to compute the Future Value.
management team has decided to permanently implement remote working for all technical staff and sell a part of its office to a coworking outfit for $500,000. The firm will invest the entire proceeds to earn 5% per year. Given these data, compute how much the firm can expect to withdraw at the end of 5 years. (i) Enter values of required rate, number of periods and PV in cells C4, C5 and C7 respectively. (ii) Write formula in cell F5 to compute the Future Value.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter7: Integration
Section7.EA: Extended Application Estimating Depletion Dates For Minerals
Problem 4EA
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Question
1. The management team has decided to permanently implement remote working for all technical staff and sell a part of its office to a coworking outfit for $500,000.
The firm will invest the entire proceeds to earn 5% per year.
Given these data, compute how much the firm can expect to withdraw at the end of 5 years.
(i) Enter values of required rate, number of periods and PV in cells C4, C5 and C7 respectively.
(ii) Write formula in cell F5 to compute the Future Value.
Transcribed Image Text:A
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1. The management team has decided to permanently implement remote working for all technical staff and sell a part of its office to a coworking outfit for $500,000.
The firm will invest the entire proceeds to earn 5% per year.
Given these data, compute how much the firm can expect to withdraw at the end of 5 years.
(i) Enter values of required rate, number of periods and PV in cells C4, C5 and C7 respectively.
1 (ii) Write formula in cell F5 to compute the Future Value.
2
3
4
5
6
7
8
Table P1.1
Required Rate
Number of Periods (Nper)
Periodic Payment (PMT)
Present Value (PV)
0
Future Value (FV)
Correct Answer
Future Value (FV)
OR
Future Value (FV)
($638,140.78)
$638,140.78
K
L
M
N
O
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