Receiving $100,000 per year for five years is equivalent to investing what amount today at 14 percent Provide a mathematical formula to solve this problem, assuming use of a present value annuity table to convert the future cash flows to their present value equivalents Provide the expression for the Excel spreadsheet function that would perform the present value conversion

Question: Receiving $100,000 per year for five years is equivalent to investing what amount today at 14 percent? Provide a mathematical formula to solve this problem,

Receiving $100,000 per year for five years is equivalent to investing what amount today at 14 percent? Provide a mathematical formula to solve this problem, assuming use of a present value table to convert the future cash flows to their present value equivalents. Provide the expression for the Excel spreadsheet function that would perform the present value conversion.

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