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Kyle receives $5,000 on the first of each month. Angela receives $5,000 on the last day...

Kyle receives $5,000 on the first of each month.

Angela receives $5,000 on the last day of each month.

Both Kyle and Angela will receive payments for twenty years. At an 12% discount rate, what is the difference in the present value of these two sets of payments?

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Answer #1

for --PV(C2,C3,C4,C5,C6) B 0.010.12/12 240 20*12 5000 1 Kyle 2 RATE(i/y) | 3 NPER(n) 4 PMT 5 FV 6 TYPE 7 PV 8 Rate Per Period

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