When using the NPV function in Excel, the first cash flow into or out of the financial transaction is assumed to be ____.

Name: When using the NPV function in Excel, the first cash flow into or out of the financial transaction is assumed to be ____.
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The NPV function in Excel assumes that the first cash flow occurs one year from the start of the investment, which is why the first cash flow is not included in the NPV function's range of values and must be added separately to the NPV result.

When Using the NPV Function in Excel, the First Cash