Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the excel formula for this please An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent
I need the excel formula for this please
An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value? Input area: (Use cells A6 to B9 from the given information to complete this question. Your answer should be a positive value.) Output areaStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started