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Erica is purchasing a financial instrument that will pay $5,000 a year for seven years, at the end of every year. How much should she

Erica is purchasing a financial instrument that will pay $5,000 a year for seven years, at the end of every year.

How much should she pay for this investment today if she wishes to earn a 12 percent rate of return?

answer: 22,818,78

Repeat Q5, when you are committed to making contributions at the beginning of every year.

I need help with the bolded question please use excel... need formula

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