(PMT, PV=?) Find the present value of an annuity of $111 invested every quarter is 7.0%...
(PMT, PV=?) Find the present value of an annuity of $111 invested every quarter is 7.0% compounded every quarter for 4 years stating one quarter from now.
Homework Answers
Present value is calculated using the PV function:-
=PV(rate,nper,pmt)
=PV(7%/4,4*4,-111)
=1537.41
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