document.write( "Question 1173175: determine the present value of a series of 60 payments of $2000 each which begin 1 month from today.Assume interest of 12% per year compounded monthly \n" ); document.write( "
Algebra.Com's Answer #798366 by Theo(13342)\"\" \"About 
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using the financial calculator at https://arachnoid.com/finance/index.html, i made the following inputs:\r
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\n" ); document.write( "\n" ); document.write( "pv = 0
\n" ); document.write( "fv = 0
\n" ); document.write( "np = 60
\n" ); document.write( "pmt = -2000
\n" ); document.write( "ir = 12%/12 = 1
\n" ); document.write( "payments made at end of time period.\r
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\n" ); document.write( "\n" ); document.write( "i clicked on pv to get:
\n" ); document.write( "pv = 89,910.08\r
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\n" ); document.write( "\n" ); document.write( "12% per year / 12 = 1% per month
\n" ); document.write( "number of time periods was 60 months.\r
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\n" ); document.write( "\n" ); document.write( "here's a display of the results.
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