Please help me to do with excel.

In order to get full credit, solutions must be clear and in detail. If you solve the questions using a financial calculator, you should show all the steps on the calculator such as PMT= 600, I=10, FV=0, PV=?. If you prefer to use Excel, you should show the functions. For manual calculations, you should show the formula with plugged numbers.

Question.

1)The present value of $1,000 to be received in 7 years is ______if the discount rate is 10.78%