Future Value= 1000 PMT 50 N 16 Rate 4.25% Solve for Present Value=$1,085.80 how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 35SP
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Future Value=   1000
PMT   50
N   16
Rate   4.25%
     
Solve for Present Value=$1,085.80    

how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer

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