"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."
