Yahoo Web Search

  1. 28 quarterly payments of 18,000,000/28 = PMT = $642,857.14 to nearest cent interest rate (decimals) per quarter = 0.0685/4 = 0.017125 we need to find the present value (PV) using the formula PV = PMT(1- (1+r)^-n) /r = 642,857.14(1 - 1.017125^-28)/0.017125 = $14,204,378.50...

    1 Answers · Science & Mathematics · 01/05/2011

  1. Try asking your question on Yahoo Answers