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Please show the Excel formulas in the cells! by the command Control + ~ worth today? 3. You win a lottery and have a choice
Please show the Excel formulas in the cells! by the command Control + ~
worth today? 3. You win a lottery and have a choice of receiving $1,000,000 today or $2,000,000 in five years. If your discount rate is 10% which choice will give you a higher Present Value? Which choice will give you a higher Future Value? Make a data presentation for this problem and calculate the answers by formulae to prove your answer. (Assume the interest rate equals the discount rate.)Step by Step Solution
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