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Please solve in excel and write the formulas used, thanks! Consider an investment which pays $29,000 at the end of year 1, year 2, and
Please solve in excel and write the formulas used, thanks!
Consider an investment which pays $29,000 at the end of year 1, year 2, and year 3. In year 4, the investment will pay $90,000 and this payment will grow by 1% each year forever. If the appropriate interest rate is 6%, what is this investment worth today?
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