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Jane expects to receive $100 a year for 10 years. Her first payment is received at the end of year 7 and the last payment
Jane expects to receive $100 a year for 10 years. Her first payment is received at the end of year 7 and the last payment at the end of year 16. If the interest rate is 12% per year, what is the present value of her payments.
Please show how to do it in EXCEL. Thank you.
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