Question: please don't do it by excel, do it manually and show work! You let Company BCD borrow an amount of money shown as $P from

please don't do it by excel, do it manually and show work!

You let Company BCD borrow an amount of money shown as $P from you. The company promises to payback their loan plus the interest in 5 payments with the first one being $1600, and the rest rising gradually with a slope of $700/year. If your expected rate of return is i=10% and your PW(10%) is $1000, find the value for P

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