Question: Use the MS Excel PV function to complete the table below Assumptions Amount now $7,500 Annuity (9 years) $2,200 Amount in 9 years $12,000 Present
Use the MS Excel PV function to complete the table below Assumptions Amount now $7,500 Annuity (9 years) $2,200 Amount in 9 years $12,000 Present values 10% 11% Annuity (9 years) FORMULA FORMULA Amount received in 9 years FORMULA FORMULA Assuming you could earn 10 percent annually, which alternative should you choose? If you could earn 11 percent annually, would you still choose the same alternative? Please include an Excel formula with the solution. Thank you so much
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