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can you asnwer this with a excel formula as well? (Related to Checkpoint 5.4) (Present valve) What is the prenent value of 5600 to be

can you asnwer this with a excel formula as well? image text in transcribed
(Related to Checkpoint 5.4) (Present valve) What is the prenent value of 5600 to be received 13 years from now discounted back to the present at 12 percent? The present value of $600 to be received 13 years from now discounted back to the present at 12 percent is $ Round to the nearest cont)

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