Question: Please use excel spreadsheets to answer the following questions. Provide the excel formulas used. You are trying to decide between two investments. Investment A will
Please use excel spreadsheets to answer the following questions. Provide the excel formulas used.
You are trying to decide between two investments. Investment A will pay you $10,600 per year for eight years, whereas Investme B will pay you $14,600 for five years. If the discount rate is 5% per year, what is the difference in the values of these two investments? In other word, by how much in dollars is Investment A better than Investment B? Round your answer to 2 decimals. Enter a positive value if you prefer investment A and a negative value if you prefer B.
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