Find the present value of anuity: N= 5 I= 4 PV=? PMT= 50 FV= 15

Question

Question

Find the present value of anuity:

N= 5

I= 4

PV=?

PMT= 50

FV= 15

Answer 1

Answer #1

Enter the below in a financial calculator to compute the present value of annuity:

N= 5

I/Y= 4

PMT= 50

FV= 15

Press the CPT key and PV to compute the present value of annuity.

The value obtained is 234.92.

Therefore, the present value of annuity is $234.92.

In case of any query, kindly comment on the solution.

Answer 2

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