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Unformatted text preview: time of the last payment. FVAn = pmt * ((1 + rate) ^ (-time) - 1) / rate End Function Function GrAn(time As Double, discount As Double, growthRate As Double, Optional pmt As Double = 1) ' Computes the PV of a series of regular, growing payments. GrAn = pmt * (1 - ((1 + growthRate) / (1 + discount)) ^ time) / (discount -growthRate) End Function...
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- Summer '07