Calculate the present value of an investment that is compounded daily
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 ad1c9bdddfhttps://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