Lenny D. answered • 05/11/20

Financial Professional with many years of Wall Street Experience

The Present vlaue of 40,000 8 years is 96 months. 8%/12 is the monthly compounding Rate. so 40,000

discounted back 96 periods at 8%/12 is .5258413*40k = 21,136.54.

Use the Annuty formula you used in all of your Other Question. PV=21,136.54=PMT*B(8%/12,96)

or B= (1/i)(1-(1/(1+i))^{T)}

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