Question: Please use excel and show all formulas Suppose you settle a lawsuit and as part of the settlement the defendant agrees to pay you $100,000

Please use excel and show all formulas

Suppose you settle a lawsuit and as part of the settlement the defendant agrees to pay you $100,000 every six months for the next five years. Furthermore, the defendant agrees to pay you $1,000,000 at the end of the five years. If the interest rate is 8%, what is the present value of this settlement? Calculate using both the PV function and "by hand" using the present value formula

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