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Text File  |  1993-10-02  |  1KB  |  16 lines
  1. "AST1CAL3 EQUATION VARIABLE","10-02-1993","12:07:52"
  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 ***                                                     (a) Variables are set to proper values at entry.  PRESVAL=1825.55.                                                                                                            Type any key to exit.                                                                                                                                            ||$4,000 is due in 10 years at 8% compounded semiannually, what  is the present value?                                                                     Type comma key to see answers.   Type (F2) to return to helpfile.     ''(c) PCSCC, Inc., 1993"
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  8. 1825.55,0,""
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  12. 4000,0,""
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