Question

PMT Years I/YR P/YR PV 4751 18 5 6 ? HOW WOULD I GET PV?

PMT

Years

I/YR

P/YR

PV
4751 18 5 6 ?

HOW WOULD I GET PV?

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Homework Answers

Answer #1

PV can be calculated using financial calculator or excel PV function

Using financial calculator
Input:

PMT = -4751

N = 18*6 = 108

I/Y = 5/6

Solve for PV as

$337,460.47

In excel

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