The present value of
The present value of annuity is = Monthly payment*[1-1/(1+r)n]/r = [($5000)/0.25%] × [1-1/(1+0.25%)240]. = $901554.6. Break this down for me please as i am calculating and still cant come up with $901554.6
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the present value of annuity is monthly payment1-11rnr 5000025 times 1-11025240 9015546 break this down for me
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