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    $10000 For 5 Years 10% 1/r 10 6.209213 Formula For PV PV $37,907.87 PV Function $37,907.87 1/r (1+r)

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    Ankita
    This document discusses a $10,000 payment made annually for 5 years with a 10% interest rate. It provides the formula to calculate the present value of a series of future payments and applies it to this scenario, determining the present value is $37,907.87. It verifies this result by using the PV function in a spreadsheet.

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    $10000 For 5 Years 10% 1/r 10 6.209213 Formula For PV PV $37,907.87 PV Function $37,907.87 1/r (1+r)

    Uploaded by

    Ankita
    7 views1 page
    This document discusses a $10,000 payment made annually for 5 years with a 10% interest rate. It provides the formula to calculate the present value of a series of future payments and applies it to this scenario, determining the present value is $37,907.87. It verifies this result by using the PV function in a spreadsheet.

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    This document discusses a $10,000 payment made annually for 5 years with a 10% interest rate. It provides the formula to calculate the present value of a series of future payments and applies it to this scenario, determining the present value is $37,907.87. It verifies this result by using the PV function in a spreadsheet.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    7 views1 page

    $10000 For 5 Years 10% 1/r 10 6.209213 Formula For PV PV $37,907.87 PV Function $37,907.87 1/r (1+r)

    Uploaded by

    Ankita
    This document discusses a $10,000 payment made annually for 5 years with a 10% interest rate. It provides the formula to calculate the present value of a series of future payments and applies it to this scenario, determining the present value is $37,907.87. It verifies this result by using the PV function in a spreadsheet.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    $10000 for 5 years

    10%
    1/r 1/r(1+r)n
    10 6.209213
    formula for PV
    PV $37,907.87

    PV function $37,907.87

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