How much would you have to invest today to receive $40,000 in 10 years at 7 .5 percent per year?
Use excel and show the excel formula used to solve the question.
Using Excel we see that the formula to be entered is
=PV(7.5%,10,0,-40000)
=19407.76
How much would you have to invest today to receive $40,000 in 10 years at 7...