a quick help with a small exercise

[theo_c]

I had a very huge excel assignment to do, and finished it all except for this small part of it, so I wish someone could help me with it:

A bank makes an announcement for an HP Compaq notebook with the following offer:
Repayment in 36 monthly installments of USD 57
or Repayment in 24 monthly installments of USD 82.
What is Cash Value of this Notebook? (PV)

I even sent an email to my instructor asking him for a small hint and he replied: You should use one PMT function to solve the other (like in school , use X to find Y) and then u should use the " what if utilities".

so what needs to be solved here is the present value and the annual rate..

Anyone has any idea what are the formulas i should write in?

Thank you in advance

[darkyam]

Welcome to the forum. Your post, however, does not comply with rule #1. Please change your title first and then we can offer solutions. Thanks!

One thing you should be aware of, however, is that we don't do school assignments for people. We point them in the right direction, but schoolwork needs to be figured out by the student.

[royUK]

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