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    Present value of an annuity

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    Could someone please help?

    N = 15
    I = 7
    PMT = 8500
    PV = ?

    Table:

    Present value of an annuity

    Find the answer for number of years and the interest rate.

    Mutilply the annual payment by the figure from the table.

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    Solution Preview

    could someone please help Calculator:

    N = 15
    I = 7
    PMT = 8500
    PV = ?

    Table:

    Present value of an annuity

    Find the answer for number of years and the interest rate. ...

    Solution Summary

    This solution is comprised of a detailed explanation to find the answer for number of years and the interest rate.

    $2.19

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