Problem 56150. Ordinary Annuity : Periodic Payment (Present Value)

• Created by Mehmet OZC
• Appears in Satellite and Space Engineering Problems

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Theorem : Present Value of an Ordinary Annuity

where;

• P : Present value of all payments
• A : Periodic payment
• r : Interest rate per period
• n : Number of periods (peyments)

Calculate A, given P, r and n. Round to the nearest cent.

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Solution Stats

75.56% Correct | 24.44% Incorrect

• 45 Solutions
• 32 Solvers

Last Solution submitted on May 05, 2025

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