Sean M.
asked • 10/24/20Solve the following problem. n=36; i=0.05; PMT=$257; PV=?
Solve the following problem.
n=36; i=0.05; PMT=$257; PV=?
PV=$ __________ (Round to two decimal places.)
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1 Expert Answer
HOA P. answered • 10/30/20
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PV = 257* 1/(1+0.05)^36 = 44.37295556
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