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Page of 5 ZOOM + Part I (Total 5 points): Show your solution for the following problem using the Time Value of Money (TVM) Excel
Page of 5 ZOOM + Part I (Total 5 points): Show your solution for the following problem using the Time Value of Money (TVM) Excel function in no more than two cells. The Bank Trust will pay $12,000 per year indefinitely with the first payment 13 years from today. If you earn an annual return of 2% in this account, find the value of these payments today. An example of a spreadsheet organization for Part II of the assignment is below. Font Alignment D Clipboard 032 1 Payment amount 2 First payment in #years 3 Return 4 5 Value of payments today 6 7 8 B 12,000 13 2% Enter as hardcoded values Must be the TVM function and reference the data above
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