Solved: Present value function, Using the present value function in MS Excel, verify that the, Accounting Basics

Present value function

Problem:

Using the present value function in MS Excel, verify that the present value of $100,000 to be received in five years at an interest rate of 16%, compounded annually, is $47,610. Calculate the present value of $100,000 for each of the following items (parts a-f) using these facts:

a. Interest is compounded semiannually

b. Interest is compounded quarterly

c. A discount rate of 12% is used

d. A discount rate of 20% is used

e. The cash will be received in three years

f. The cash will be received in seven years

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