Question: PLEASE HELP ON HOW TO ANSWER WITHIN EXCEL ; EXCEL ONLY You receive an email informing you that as beneficiary of a trust setup by

PLEASE HELP ON HOW TO ANSWER WITHIN EXCEL ; EXCEL ONLY

You receive an email informing you that as beneficiary of a trust setup by a foreign relative, you will be receiving a sum of $225,523 every year forever. You are informed that you can collect the first of these payments today. Acknowledging that the email is simply spam, what would be the present value of such perpetuity? (Assume the relevant discount rate is 8% ). Round your answer to the nearest two decimals if necessary. Do not type the \$ symbol

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