Business Finance practice problem

Your grandmother has offered to give you $1,000 per year for the next 10 years. What is the present value of this 10-year, $1,000 annuity discounted back to the present at 5 percent? Try to solve this using the mathematical formula, a financial calculator, and an Excel spreadsheet… or any two of the 3 mentioned. Post your answer here with an explanation of how each method was different.

Using an Excel Spreadsheet.

= PV(rate,nper,pmt,fv)or with values entered

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.