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Text File  |  1993-02-27  |  2KB  |  16 lines

  1. "AST1CAL3 EQUATION VARIABLE |N 7 0N|","02-27-1993","21:45:50"
  2. "FREQCONV=12/CMPERIOD NPERIODS=FREQCONV*NUMYEARS RATE%PER=ANNRATE%/FREQCONV PRESVAL=RND(ACCUMVAL*(1+RATE%PER/100)^-NPERIODS)"
  3. "COMPOUND INTEREST, PRESENT VALUE.  The annual, or simple, rate of compounding is ANNRATE%, the compounding period in months is CMPERIOD. = 1/30for daily, = 1 for monthly, =3 for quarterly,=6 for semiannually,=12 for yearly.FREQCONV is the number of compoundings in one year. NPERIODS is number of       compounding periods in the term NUMYEARS.  RATE%PER is the nominal rate % per   compounding period. ACCUMVAL is the value of the PRESVAL after NUMYEARS of      compounding at a nominal annual rate of ANNRATE%.                                                                                                               *** Answers to problems ***       (c) PCSCC, Inc., 1993                         (a) Set ACCUMVAL=6000, Set ANNRATE%=18, Set CMPERIOD=1/30, (Note: 1/30 mo/day,  type 1/30 (ent)), set NUMYEARS=5.8333  (Note: Enter in years, type 5+10/12 (ent) ). The present, or discounted, value of the debt PRESVAL is $2100.18.          Type any key to exit.                                                                                                                                                          ||(a) Find the present value of $6000 due in 5 years and         10 months, if money is worth 18% compounded daily?                                          Type , to see answers.  Type (F2) to return to help file."
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