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Suppose that you are considering an investment that will pay you $4000 per year for the next five years. The appropriate rate of interest is

Suppose that you are considering an investment that will pay you $4000 per year for the next five years. The appropriate rate of interest is 5%. You want to know the present value of the cash flows from this investment. To solve this problem in Microsoft Excel, you would use which of the following excel formulas?

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