Answer:
$25,343,040.52
Explanation:
For this question, we have to compute the present value that is shown on the attached spreadsheet.
Given that,
Future value = $0
Rate of interest = 6.5%
NPER = 12
PMT = $35,000,000 ÷ 12 = $2,916,666.67
The formula is shown below:
= PV(Rate;NPER;-PMT;FV;type)
So, after solving this, the answer would be $25,343,040.52
