Question: Calculating present values - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial 12 % e Paste B I U

 Calculating present values - Excel ? FILE HOME INSERT PAGE LAYOUT

Calculating present values - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial 12 % e Paste B I U Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font D13 : B D E F H J K 1 2 3 You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 7.5 percent? 4 5 6 $ 7 Future value Years Discount rate 2,000,000 80 7.5% 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. Your answer should be a positive value. 12 13 Present value 14 15 16 17 Sheet1 READY 1000

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