What is the present value of an annuity of 120 received at


Need to understand what functions to use in excel and how to solve this problem.

What is the present value of an annuity of $120 received at the end of each year for 11 year? Assume a discount rate of 7%. The first payment will be received one year from today.

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Financial Management: What is the present value of an annuity of 120 received at
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