Explore BrainMass

Present value of single sum

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Find the present value for the following:

- In 15 years you will be given $79,000
- Assume an inflation rate of 2.4%

© BrainMass Inc. brainmass.com March 22, 2019, 1:39 am ad1c9bdddf

Solution Summary

Your tutorial is in excel, attached, and is now a template for similar problems. This uses the function keys in Excel to solve for PV. There is no instruction on using formulas or compute it by hand or tables to compute it by hand using table factors.