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Solve the following problem. n=38;i=0.028;PMT=$152;PV=? PV=$ (Round to two decimal places.)

Solve the following problem. n=38;i=0.028;PMT=$152;PV=? PV=$ (Round to two decimal places.)
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Solve the following problem. n=38;i=0.028;PMT=$152;PV=? PV=$ (Round to two decimal places.)

User Slott
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In conclusion, by using the formula for the present value of an annuity. We calculated that the present value (PV) in this problem is approximately $1558.16
User MAK
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