what is the excel formula?

KU Calculating present values - Excel ? 3 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri 11 A A Paste BIU - . 96 Alignment Number Conditional Format as Cell Formatting" Table Styles Styles Cells Editing Clipboard Font . Al V X fx AB C D E F G H J K 1 2 3 Imprudential, Inc., has an unfunded pension liability of $475 million that must be paid in 20 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 6.1 percent, what is the present value of this liability? 4 5 6 $ 7 8 9 Future value Years Interest rate 475,000,000 20 6.1% 10 11 Complete the following analysis. Do not hard code values in your calculations. Your answer should be a positive value. 12 13 Present value 14 15 16