Question: I need help getting the formula and equation into Excel to get to the answer. Thank you! You are offered a contract with a signing

I need help getting the formula and equation into Excel to get to the answer. Thank you!

You are offered a contract with a signing bonus. If they offered you either $215,000 in cash or $2,000 a month for 15 years, guaranteed, which do you take (based strictly on the math)? Your safe rate of return is 7.5%.

Computer the value of the $2,000 a month here:

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