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What is the present value of $100,000 to be received in 15 years with an annual discount rate of 5%, discounted monthly. Enter the excel
What is the present value of $100,000 to be received in 15 years with an annual discount rate of 5%, discounted monthly.
Enter the excel formula you would use to solve this problem.
Do NOT put any spaces in your formula and use capital letters. Also, please enter the RATE as a percentage.
Example: =PMT(3%,8,-500,0)
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