Thread: Finance( present value, future value etc.)
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Old October 12th, 2007, 12:22 PM
TKHunny TKHunny is offline
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Default
N = 4.5* 4 = 18 quarters
I% = 0.0516 / 4 = 0.0129 quarterly interest rate
PV = You'll have to solve for this. That is the question
PMT = $0
FV = $4950

You may wish to check your settings for "Beginning of Period" or "End of Period". I'm thinking you'll want "Beginning" on this one.
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