Problem 56150. Ordinary Annuity : Periodic Payment (Present Value)

Theorem : Present Value of an Ordinary Annuity
where;
  • P : Present value of all payments
  • A : Periodic payment
  • r : Interest rate per period
  • n : Number of periods (peyments)
Calculate A, given P, r and n. Round to the nearest cent.
Solve

Solution Stats

74.42% Correct | 25.58% Incorrect
Last Solution submitted on Dec 09, 2024

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