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. 
<pre>{{{highlight_green(highlight_green(PV[oa] = PMT * ((1 - 1/(1 + i/m)^(mt))/(i/m))))}}}
            with:
{{{PV[oa]}}} being the present value
{{{PMT}}} being the payment amount 
{{{i}}} being the annual interest rate
{{{m}}} being the number of payment periods per year, and
{{{t}}} being the time, in years
If done correctly, the present value of this ordinary annuity, or {{{PV[oa]}}} should be:{{{highlight_green("$"122378.05)}}}