Solve the following questions using TVM functions in Excel. You will receive no credit if you type in numbers instead of using equations/functions/references in cells other than inputs.

9. You own a building that a local business wants to rent for the next 10 years. The business owner has offered to pay $50,000 today or pay $8,700 at the end of each of next 10 years. If your required rate of return is 12%, which payment schedule should you accept