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Intro It is the end of 2 0 2 4 . You plan to complete a Ph . in . in 5 years. Your favorite
Intro
It is the end of You plan to complete a Ph in in years. Your favorite uncle has promised to help you with your school expenses by giving you the following amounts for Christmas:
tableYearCash flow,
Your uncle is fairly wealthy and very reliable. You currently have $ in a savings account paying an annual interest rate of
Part
Attempt for pts
Create an Excel spreadsheet showing the years and cash flows as in the table above, then add a row that shows the number of years from now and another row that shows the present value of each cash flow. What is the sum of present values?
Hint: do not hardcode the dhcount rate into your formulas. Instead, keep it in a separate cell and refer back to it You'll be asked to change in discount rate in parts to
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