Homework Answers
Plug the figures as shown below:
N will be as follows:
= 12 x 12
= 144
I/Y will be as follows:
= 10% / 12
= 0.833333333
PMT will be 0
FV will be 15,000
Finally press CPT and then PV,.
It will give PV equal to
= 4,540.43 Approximately
Feel free to ask in case of any query relating to this question
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