Question

Use a calculator to evaluate the present value of an annuity formula -nt 1 P=m ri for the values of the variables m, r, and t (respectively). Assume n = 12, (Round your answer to the nearest cent) $50; 596; 7 yr

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text aCopy в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard AV97 AR Alignment Number Cells Edting AS AT AU AVI Aw AX AY AZ BA BC BD BE 86 USING CALCULATOR COMPOUNDED MONTHLY PMT 87 USING SIMPLE CALCULATOR 89 90 91 92 93 94 95 96 97 98 50 84 7 12 50* (1-(1+0.05/12)A-12*7)/(0.05/12)] 50* (1-(1+0.05/12)A-84)/(0.05/12)] 50* (1-0.705201)/(0.05/12)] RATE C/Y 12 12 3537.59 3537.59 PV 100 101 102 103 BOX DILUTION DOLLAR COST AVG MORTGAGE EXPO Sheeti Sheet2 Shl 1 | CALCULATOR AN OPTIONS fv. ann CAP STRU VALUE 12-01-2019

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