Question: Please using excel and showing the EXCEL formula: You are evaluating an income property that is providing increasing rents. Net rent is received at the

Please using excel and showing the EXCEL formula:

You are evaluating an income property that is providing increasing rents. Net rent is received at the end of each year. The first year's rent is expected to be $8,500 and rent is expected to increase 7% each year. Each payment occur at the end of the year. What is the present value of the estimated income stream over the first 5 years if the discount rate is 12%?

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