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For each requirement, change the values of the given information as shown and keep all other original data the same. Then enter your updated
For each requirement, change the values of the given information as shown and keep all other original data the same. Then enter your updated final answers for each scenario. Scenario A: Future value to be received Future date received $ 12,500 3 years. Interest Rate 88 12% 18% Scenario B: Annual Cash Receipt Number of Years $6,250 6 years Interest Rate 8% 12% 188 Required: a. A company is expecting to receive a lump sum of money at a future date from now. Using the PV formula in Excel, what is the Present Value of that money at three different rates? (Round your answers to 2 decimal places.)
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