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assumed to be 0 (zero); type is the number 0 or 1 indicating when payments are
due, end or the beginning of period.
Example: If you were to put $6710.08 in an account that pays 8% annually, over
how many periods (years) you can withdraw $1000?
NPER(8%,1000,-6710.08,0,0) = 10 See also next example.
(d) PV(rate,nper,pmt,fv,type)
Returns the present value of a series of payments.
rate: interest rate per period; nper: total number of payment periods in an
annuity; Pmt: payment made each period; Pv: present value, or the lump-sum
amount that a series of future payments is worth right now. If pv is omitted, it is
assumed to be 0 (zero); type is the number 0 or 1 indicating when payments are
due, end or the beginning of period.
Example: The present value of $1000 deposits every year for 10 years at 8%
interest rate is: PV(8%,10,-1000,0,0) = $6710.08. In other word, today, if you
were to put $6710.08 in an account that pays 8% annually, you can withdraw
$1000 every year for the next 10 years.
14.3 In Chapter 10, we discussed fluid pressure and the role of water towers in small
towns. Recall that the function of a water tower is to create a desirable municipal
water pressure for household use and other usage in a town. To achieve this
purpose, water is stored in large quantities in elevated tanks. Also recall that the
municipal water pressure may vary from town to town, but it generally falls
somewhere between 50 and 80 lb/in2 (psi). In this assignment, use Excel to create
a table that shows the relationship between the height of water above ground in
the water tower and the water pressure in a pipe line located at the base of the
water tower. The relationship is given by:
ghP
where
P = the water pressure at the base of the water tower (lb/ft2)
= the density of water, (rho) = 1.94 slugs/ft3
g = the acceleration due to gravity, g = 32.3 ft/s2
h = is the height of water above ground in feet (ft)
Create a table that shows the water pressure in a pipe located at the base of the
water tower as you vary the height of water in increments of 10 ft. Also plot water
pressure vs. the height of water in feet. What should be the water level in the
water tower to create 80 psi water pressure in a pipe at the base of the water
tower?