What is the present value of a $600 annuity payment over 4 years if interest rates...
Homework Answers
FV = 0
PMT = 600
I = 6 %
N = 4
CPT PV = 2079.06
| Year | Amount | PVF (6%) | PVCF |
| 1 | 600 | 0.943396 | 566.0377 |
| 2 | 600 | 0.889996 | 533.9979 |
| 3 | 600 | 0.839619 | 503.7716 |
| 4 | 600 | 0.792094 | 475.2562 |
| Present value | 2079.063 | ||
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