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YOUR TASKS Complete the following table. This table is on page 47. The purpose of this exercise is to help you understand this table. For

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YOUR TASKS Complete the following table. This table is on page 47. The purpose of this exercise is to help you understand this table. For credit, you must carry out the calculations in the Discount Factor column and in the Discounted Income column using Excel formulas with relative cell references A tip: the calculations for this table are a lot like the NPV example in the TVM tutorial, except that we do not have a "year 0 cash flow.) Annual discount rate: 0.08 Year Income Discount factorDiscounted income 1 $2,000 2 $1,800 3 $1,600 4 $1,400 5 1,200 6 $1,000 $800 $600 $400 200 18 19 20 21 10 Total: .You can use the SUM function to easily add the values in cells D11 through D20. 23 24 25

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