Question: How to solve this problem by using Excel sheet ans Excel Formula? Congratulations, you are a lottery winner. As a result, you will receive $3.500

How to solve this problem by using Excel sheet ans Excel Formula?

Congratulations, you are a lottery winner. As a result, you will receive $3.500 a month for the next 15 years. The first payment is one month from today. Assume that the annual interest rate is 6%. A firm approaches you and is willing to give you $600.000 now if you sign over the lottery winnings to the firm. Is this a good deal? Make sure you show your calculations that provide the rationale for your

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