Register

Solve the following problem. n=38;i=0.028;PMT=$152;PV=? PV=$ (Round to two decimal places.)

Solve the following problem. n=38;i=0.028;PMT=$152;PV=? PV=$ (Round to two decimal places.)
asked 186k views
4 votes
Solve the following problem. n=38;i=0.028;PMT=$152;PV=? PV=$ (Round to two decimal places.)

asked
User Slott
by
8.3k points

1 Answer

3 votes
In conclusion, by using the formula for the present value of an annuity. We calculated that the present value (PV) in this problem is approximately $1558.16
answered
User MAK
by
8.1k points
← Prev Question Next Question →

Related questions

User AvatarOfChronos
asked Mar 18, 2024 191k views
The PV function is structured as follows:=PV(rate, nper, pmt, [fv], [type])
AvatarOfChronos asked Mar 18, 2024
by AvatarOfChronos
8.8k points
1 answer
1 vote
191k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!