document.write( "Question 951745: Find the present value of an annuity of P4,750 payable monthly for 2 years & 4 months at 7% compounded monthly. I'm having concerns about the n, I don't exactly know how to solve it. Thank you. \n" ); document.write( "

Algebra.Com's Answer #581274 by MathTherapy(10552) $\"\"$ $\"About$

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Find the present value of an annuity of P4,750 payable monthly for 2 years & 4 months at 7% compounded monthly. I'm having concerns about the n, I don't exactly know how to solve it. Thank you.
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document.write( "            with:
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document.write( " being the present value
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document.write( " being the payment amount 
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document.write( " being the annual interest rate
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document.write( " being the number of payment periods per year, and
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document.write( " being the time, in years
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document.write( "If done correctly, the present value of this ordinary annuity, or  should be: \n" );
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