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Intro It is the end of 2020. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with
Intro It is the end of 2020. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with your school expenses by giving you the following amounts for Christmas: Year 2021 2022 2023 2024 2025 Cash flow 1,400 1,600 1,800 2,000 2,200 Your uncle is fairly wealthy and very reliable. You currently have $10,000 in a savings account paying an annual interest rate of 16%. * Attempt 6/10 for 10 pts. Part 1 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 discount 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 5 to 8. No decimals Submit
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