# PV and FV Calculator

1. ## PV and FV Calculator

You were asked to invest \$60,000 into a business and it was guaranteed to you that you'll be paid \$600/month for 15yrs with an annual interest rate of 6%/yr. Is this a good investment?

Potential Investment: Health Food Store
Investment Amount \$60,000.00
Annual Interest Rate 6%
Term (Years) 15
Payment \$600.00

Present Value ??????
Is this a good investment? ?????

Using a PV calculator I found the PV=\$71,102.11 which means it's a good investment. Am I correct?

#2

Potential Investment: Savings Plan
Annual Interest Rate 1.25%
Term (Years) 3
Monthly Deposit 1000
Future Value ?????
Interest Earned ?????

Using FV calculator I got FV=\$36,664.06, Interest Earned=\$664.06
Am I right?

2. ## Re: PV and FV Calculator

Look at the IRR and XIRR functions.

This is a simple linear approach: See attachement

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