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I need help calculating the present value of growing annuity. I attempt to plug these figures in to excel and am not finding success. Salary
I need help calculating the present value of growing annuity. I attempt to plug these figures in to excel and am not finding success.
Salary = $50,000, tax rate = 26%, because of tax rate, c = $37,000
R (discount rate) = 6.5%
G (growth rate) = 3%
T (the number of period working) = 40
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