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PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU! Can you calculate the equivalent annual annuity of Project A? ..... Assume the discount rate

PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU!image text in transcribed

Can you calculate the equivalent annual annuity of Project A? ..... Assume the discount rate is 5%. Use six years (life of Project A) as the life of the EAA. Round your answer to the nearest two decimals if needed. Do not type the \$ symbol

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