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If you are solving the following calculation in excel: I receive $1,000 today and I invest it, earning 10% per year, for 40 years, how
If you are solving the following calculation in excel: I receive $1,000 today and I invest it, earning 10% per year, for 40 years, how much will it be worth in 40 years? What would you input in the Payment cell?
a. | $0 | |
b. | $1,000 | |
c. | 10% | |
d. | 40 |
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