Lecture Notes on Time Value of Money

3. Using a financial calculator, the Present Value of an annuity. n [N] i [I/YR] PV PMT FV 4 5 ? -1000 0 PV= $3,546. Note: Most financial calculators require i [I/YR] to be a percentage. That is enter a 5, not .05. However, Excel requires .05 or 5%. B. Future value of an annuity: Annuity Future Value … ................
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