In this final week, we have one problem using the effective interest rate method. In order to use this, we need to calculate time value of money. There are three ways to go about this:
This page has an explanation of calculating present value. When you are ready to solve the problem, click the Problem tab at the bottom of the spreadsheet. In this final week, we have one problem using the effective interest rate method. In order to use this, we need to calculate time value of money. There […]