Problem 56150. Ordinary Annuity : Periodic Payment (Present Value)

• Created by Mehmet OZC

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Theorem : Present Value of an Ordinary Annuity

where;

• P : Present value of all payments
• A : Periodic payment
• r : Interest rate per period
• n : Number of periods (peyments)

Calculate A, given P, r and n. Round to the nearest cent.

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Solution Stats

75.0% Correct | 25.0% Incorrect

• 44 Solutions
• 31 Solvers

Last Solution submitted on Jan 07, 2025

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