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What is the present value (PV) of $359,000 that is to be received at the end of 23 years if the discount rate is 11

What is the present value (PV) of $359,000 that is to be received at the end of 23 years if the discount rate is 11 percent?

Could you explain this do me, I don't seem to figure out the formula to input this into excel. I just need to understand it please

Thank you,

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