Present value of single sum
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Find the present value for the following:
- In 15 years you will be given $79,000
- Assume an inflation rate of 2.4%
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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.
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