1. Friday’s Bell Ringer Refresh your webpage!
Download the Examples file from my website.
Type in the formulas to solve the worksheet.
You have 8-10 minutes and you should use your notes, if needed.

2. Financial Function Examples =Function Name(R,T,P)—If Monthly, R/12 and T*12) Function Name = PMT (payment) or FV (future value)—R = APR
Calculate the Monthly Payment
R=5%
T=30 years
P=150000
T=15 years
Calculate the Future Values
R=8%
T=30 years
P=4000 per year
P=500 per month

3. Formula Answers to Slide 2
Rate %
Term (years)
Principle
Answer
Total Saved or Invested
0.05 30
150000
=PMT(A2/12,B2*12,C2)
=D2*360 15
=PMT(A3/12,B3*12,C3)
=D3*180
0.08
4000
=FV(A4,B4,C4)
=C4*B4
500
=FV(A5/12,B5*12,C5)
=C5*360

4. Numeric Answers to Slide 2
Rate %
Term (years)
Principle or Investment
Answer
Total Saved or Invested
0.05 30
150000
($805.23)
($289,883.68) 15
($1,186.19)
($213,514.28)
0.08
4000
($453,132.84)
$120,000.00
500
($745,179.72)
$180,000.00