Long description
| A | B | |
|---|---|---|
| 1 | Present Value of a Single Amount | |
| 2 | Future value | 1,700 dollars |
| 3 | Annual rate of interest | 4 percent |
| 4 | Number of years | 8 |
| 5 | Present value | Negative 1,242.17 |
| Entry in Cell B5 is equal to sign PV(B3,B4,0,B2,0). The minus sign appears before the 1,242.17 dollars in B5 because the cost of the investment is treated as a cash outflow. |
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