Solve using Microsoft excel

Step 1 of 2 Done It is given that the initial cost of the machine is $70,000 and the savings are $18,000 annually for 6 years. The salvage value of the machine is $12,500 and the interest rate is 12%. Following is the formula to calculate the present worth of the machine: Here, P is the initial cost of the machine ($70,000) A is the amount of annual savings ($18,000) F is the salvage value of the machine ($12,500) i is the interest rate (12%) n is the time period (6 years)