Financial formula for Discounting Cashflows
Hi,
I have a column of cashflows for 20 years in cells C1:C21
I want the sum of the discounted cash flows, at a discount rate of 8%.
So... the cashflow in cell C1 is C1/1.08 and C2 is C2/1.08*1.08 ,...etc.
And I need the sum of these... so C1/1.08 + C2/1.08*1.08 + ...+C21/1.08^20
Is there a "Discount formula" that can do this calculation neatly in a
single cell?
Thanks a lot for your help
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