Question: using excel functions! 40 41 Question 4 42 Charlie knows that he will receive $200,000 in exactly eight years from an investment he made several
40 41 Question 4 42 Charlie knows that he will receive $200,000 in exactly eight years from an investment he made several years ago. He wants to "cash out" 43 by selling the rights to this money to his brother, J.G. Wentworth, today. J.G. is willing to buy the rights today, but only if he receives a 44 return of 18.75% annually. How much are these rights worth to J.G? 45 Answer 46 PV 47 FV 48 Rate 49 Nper 50 PMT 51 m 52
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