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What is the formula to solve this problem? XL 5 Calculating Present Values - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW

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What is the formula to solve this problem?

XL 5 Calculating Present Values - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Arial 12 AA = % Paste BIU- - - A Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font D15 fxx A B D E F G H I J 1 2 3 4 You have just received notification that you have won the $1 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 9 percent? 5 6 7 $ 8 Future value Years Interest rate 1,000,000 80 9% 9 10 11 12 Complete the following analysis. Do not hard code values in your answers. Your answer should be a positive value. 13 14 15 16 Present value 17 18

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