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    Calculate the present value of an investment that is compounded daily

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    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 March 4, 2021, 5:36 pm ad1c9bdddf
    https://brainmass.com/business/finance/calculate-the-present-value-of-an-investment-that-is-compounded-daily-2357

    Solution Summary

    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.

    $2.49

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