Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friend’s trust fund payments. For further instructions on present value in Excel, see Appendix C.

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Amount of Yearly Receipt $ 5,000 7,500 14,000 25,000 Rate 10% 12% 15% 20% Time 5 years 10 years 15 years 20 years Current Value ? ? ? ?