Question: I am confused how to input on this excel sheet. Do I need to input B8 or B9 or B10 instead of the formula? I

I am confused how to input on this excel sheet. Do

I am confused how to input on this excel sheet. Do I need to input B8 or B9 or B10 instead of the formula? I am confused can you break it down so I can show the work? I believe the answer is $623.47, but I need to show the work on excel. can you help?

CO File Home Insert Draw Page Layout Formulas Data Review View Help Search B12 PV-FV*[1/(1+0.035)^13.5] B C D H What is the present value of $992 to be received in 13.5 years from today if our discount rate is 3.5 percent? 1 2 4 1 5 PV=FVx |(1+r)" 6 7 8 Future Value (FV) 992 9 Interest Rate (i) 10 Number of years (n) 0.035 13.5 11 12 Answer- PV-FV*[1/(1+.035) 13.5] 13 14 15 16 17 18

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