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Today, Li has $900,000 (treat this as a cash inflow) in an account that gives an...

Today, Li has $900,000 (treat this as a cash inflow) in an account that gives an 8% return each year. He has been investing $7,000 a year at the end of each year for 30 years. How much did he have in his account 30 years ago?

rate=

nper=

pmt=

fv=

type=

pv=

please also explain or show formula used in order to find out PV

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Please upvote if the ans is helpful.In case of doubt,do comment.Thanks.

jeff jeffy answered 2 years ago
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