Future Value= 1000 PMT 50 N 16 Rate 4.25% Solve for Present Value=$1,085.80 how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer
Future Value= 1000 PMT 50 N 16 Rate 4.25% Solve for Present Value=$1,085.80 how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 35SP
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Question
1000 | ||
PMT | 50 | |
N | 16 | |
Rate | 4.25% | |
Solve for Present Value=$1,085.80 |
how can I compute this on Excel, since it's present value I know it needs to be negative. I type it but I can't seem to get 1,085.80 as the answer
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