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TASK I (Total 5 points): Present Value of DELAYED Perpetual Annuity Show your...

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Finance

TASK I (Total 5 points): Present Value of DELAYED Perpetual Annuity
Show your spreadsheet solution for the following problem, using the Time Value of Money (TVM) Excel
function in no more than two cells.
The Bank Trust will pay $8,000 per year indefinitely with the first payment 6 years from today. If
you earn an annual return of 3% in this account, find the value of these payments today.
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