Business Finance
Present Value of an Ordinary Annuity of 1

Question Description

Using the appropriate interest table, compute the present values of the periodic amounts, due at the end of the designated periods. $30,000 payments to be made at the end of each period for 16 periods at 9%? Present Value $ Round 5 dec to i.e 236,000

Final Answer

present value of annuity of 30000 at 9% for 16 periods

=pv(0.09,16,-30000)=$249376.75

$249,377 or

$249,000

madhavant (2757)
Rice University

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