Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If I will have a lump sum of $265,560 in 18 years, how do I calculate the present value of my investment, assuming it will
If I will have a lump sum of $265,560 in 18 years, how do I calculate the present value of my investment, assuming it will earn interest at the rate of3.45 percent compounded annually? In other words, what is the equivalent today of $265,560 payable as a lump sum 18 years in the future? what excel formula should i use for the following problem?? explain in great detail
Step 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