An investment will pay you $45,000 in 6 years. If the appropriate discount rate is 8% compounded daily, what is the present value?
Solve using a spreadsheet.© BrainMass Inc. brainmass.com September 20, 2018, 8:33 pm ad1c9bdddf - https://brainmass.com/business/finance/calculate-the-present-value-of-an-investment-that-is-compounded-daily-2357
The solution presents a spreadsheet with clear explanations of how to use the Excel functions to solve the problem. Then the amounts are given for this problem to be inserted into the functions.