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Unformatted text preview: RATE = 7%(Same as .07) NPER = 15 Present Value = $1,256,451.10 Formula: =-FV(B4,B5,B3) What is the future value of $50,000 per year for 15 years if the interest rate is 7%? Note: The negative sign in the formula makes the result positive. You could also put a negative sign before the PMT inside the parentheses....
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- Spring '10