![A series of twenty-one constant-dollar payments beginning with $5,000 at the end of the first year are growing at a rate of 4% per year. If the inflation-free rate is 3% per A series of twenty-one constant-dollar payments beginning with $5,000 at the end of the first year are growing at a rate of 4% per year. If the inflation-free rate is 3% per](https://study.com/cimages/multimages/16/capture7319434260533470951.png)
A series of twenty-one constant-dollar payments beginning with $5,000 at the end of the first year are growing at a rate of 4% per year. If the inflation-free rate is 3% per
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Investment, deposit, savings, sterling, pound, inflation, discount rate, support, protection, guaranteed, finance, trust, refund, secure, interest rate, liquidity, money bag, shield, red, arrow up, increasing, maximum, amount, insurance, compensation ...
![Building Discount Formulas - Building Financial Formulas - Excel® 2016 Formulas and Functions (2016) Building Discount Formulas - Building Financial Formulas - Excel® 2016 Formulas and Functions (2016)](https://apprize.best/microsoft/excel/excel.files/image499.jpg)