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Del Monty will receive the following payments at the end of the next three years: $9,000, $12,000, and $14,000. Then from the end of the
Del Monty will receive the following payments at the end of the next three years: $9,000, $12,000, and $14,000. Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $15,000 per year. At a discount rate of 12 percent, what is the present value of all three future benefits?
I'm looking for this to be solved on excel using financial formulas. (ex. PV = or PMT = )
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