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*Please show the Excel formula* #1: What is the PV of receiving $4,000 each year for 20 years if the interest rate is 7% per

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*Please show the Excel formula*

#1: What is the PV of receiving $4,000 each year for 20 years if the interest rate is 7% per year? #2: What is the FV of saving $800 every month for 30 years, if your savings earn 8.4% per year (or 0.7% per month)? #3: If you invest $5,000 today and want it to grow to $1 million in 10 years, at what annual interest rate would you need to invest

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