Question: The Excel function PV(rate, number_periods, payment) calculates the present value of a constant payment. For example, PV(15%,15,-1O) = 58.47. (Note that we have put the

The Excel function PV(rate, number_periods, payment) calculates the present value of a constant payment. For example, PV(15%,15,-1O) = 58.47. (Note that we have put the payment as a negative number; otherwise, Excel returns a negative value!). Use Data Table to graph the present value as a function of the discount rate. Use the rate as 15%, number of periods as 15 and payment as 10.

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