186k views
4 votes
Solve the following problem. n=38;i=0.028;PMT=$152;PV=? PV=$ (Round to two decimal places.)

User Slott
by
8.3k points

1 Answer

3 votes
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
by
8.1k points