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Please explain in excel A financial advisor is trying to sell you a set of cash flows. One year from today you will receive $10,000,
Please explain in excel
A financial advisor is trying to sell you a set of cash flows. One year from today you will receive $10,000, and the payments will increase at $10,000 per year. Thus, in 2 years you will receive $20,000, in 3 years you will receive $30,000, and so on. When the payments reach $70,000 per year, they will remain constant forever. If the interest rate is a 3.6 percent APR compounded daily, how much should you pay for this set of cash flows today?
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