Calculator Problem – 05/19/2014

What would you pay today for 240 payments of $1000 if you wanted to earn 8% on your money?

(The answer will be posted with the new calculator problem in 2 weeks. Or if you can’t wait that long, you can go to for the answer.)

(N=360,I=8,PV=30,000,FV=0) PMT=220.13
(N=360,I=5,PMT=220.13,FV=0) PV=$41,006.17

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