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
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.