Ask Question
29 December, 15:43

What is the pv of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%?

+1
Answers (1)
  1. 29 December, 17:01
    0
    The formula is

    pv=pmt [ (1 - (1+r) ^ (-n)) : r]

    PV present value?

    PMT payments 4700

    R interest rate 0.045

    N number of payments 5

    PV=4,700 * ((1 - (1+0.045) ^ (-5)) : (0.045))

    pv=20,632.89
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the pv of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers