Question: Please use excel spreadsheet and show formula input. 29. Transit Insurance Co. has made an investment in another company that will guarantee it a cash

Please use excel spreadsheet and show formula input. 29. Transit Insurance

Please use excel spreadsheet and show formula input.

29. Transit Insurance Co. has made an investment in another company that will guarantee it a cash flow of $37,250 each year for the next 5 years. If the company uses a discount rate of 15%, what is the present value of this investment? a) $124,868 b) $101,766 c) $251,154 d) $186,250

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