Question: 1. The management team has decided to permanently implement remote working for all technical staff and sell a part of its office to a coworking

1. The management team has decided to permanently implement remote working

1. The management team has decided to permanently implement remote working for all technical staff and sell a part of its office to a coworking outfit for $500,000. The firm will invest the entire proceeds to earn 5% per year. Given these data, compute how much the firm can expect to withdraw at the end of 5 years. (i) Enter values of required rate, number of periods and PV in cells C4, C5 and C7 respectively. (ii) Write formula in cell F5 to compute the Future Value. Correct Answer Table P1.1 Future Value (FV) ($638,140.78) Required Rate Number of Periods (Nper) Future Value (FV) OR Periodic Payment (PMT) Future Value (FV) $638,140.78 Present Value (PV)

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