Calculate the present worth of the employees salaries

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Reference no: EM133715951

Question: Aerospace contractor has four employees whose combined salaries through the end of this year are $250,000. If the contractor expect to give an average raise of 5% each year, calculate the present worth of the employees' salaries over the next 5 years. Let i=12% per year How would I set this up and calculate it in Microsoft Excel?

Reference no: EM133715951

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