PresentValueOfAnOrdinarysimpleAnnuity幻灯片.pptVIP

In this case j=9% compounded monthly i=9%/12=0.75% (per month) payment interval=1 month p=i= 1% (per month) Solution: A,what was the original principal amount of the loan? R=$249.10 p=1% term=5 years n=5*12=60 substituting them to formula (10-4), get PMT FV n 1/y PV -11,999.99 249.10 0 60 0.75 The original principal of the loan is $11,999.99 CPT Chapter 10 Ordinary Annuities: Future Value And Present Value 10.3 Present Value Of An Ordinary simple Annuity Present value of an annuity : It is the single amount, a