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This should be easy (and can be done easily but tediously on an HP12C) but I
cannot figure out how to do it in Excel 2003. I have dozens of uneven payments to be received monthly over the next few years, and I need the present value of each payment, so that I can add them all up and come up with the total. It is essential that I get the PV of each individual payment. For example. Date Payment PV 2/1/07 1,000 ?? 3/1/07 2,000 ?? 4/1/07 1,250 ?? 5/1/07 22,352 ?? 6/1/07 0 ?? 7/1/07 2,715 ?? (assume a couple of hundred more uneven montly payments) How can I perform this calculation (I need to solve for the various ??'s) in Microsoft Excel 2003? (NOTE: the payments are evenly spaced, and interest rate will not change) Thanks! |
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