Business, 05.07.2021 19:20, aliviafrancois2000
It is the end of 2021. You plan to complete a Ph. D. in 5 years. Your favorite uncle has promised to help you with your school expenses by giving you the following amounts for Christmas:
Year 2021 2022 2023 2024 2025
Cash Flow 1400 1600 1800 2000 2200
Your uncle is fairly wealthy and very reliable. You currently have $10,000 in a savings account paying an annual interest rate of 16%. Create an Excel spreadsheet showing the years and cash flows as in the table above, then add a row that shows the number of years from now and another row that shows the present value of each cash flow. What is the sum of present values?
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It is the end of 2021. You plan to complete a Ph. D. in 5 years. Your favorite uncle has promised to...
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