Question: Identify the correct TVM elements for this scenario: What is the Present Value of $1 million, to be received in 7 years, assuming a

Identify the correct TVM elements for this scenario: What is the Present Value of $1 million, to be received in 7 years, assuming a return of 9% APR compounded monthly? PV NPER RATE PMT FV solve for RATE solve for FV Answer =9%/12 Answer Answer i Answer Answer $1,000,000 9% =7*12 solve for PMT solve for PV $0 solve for NPER

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