Present Value

[DME]

What is the formula to find the PV of a future payment.

I know my payment is going to be $214.29 at 1/1/05. What is the present
value of this payment on 1/1/04 if the interest rate is 10%. Does anyone
have a formula for this?

Thank You.

 

[gls858]

What is the formula to find the PV of a future payment.

I know my payment is going to be $214.29 at 1/1/05. What is the present
value of this payment on 1/1/04 if the interest rate is 10%. Does anyone
have a formula for this?

Thank You.

Click on the function button on the tool bar,
then select financial, then look for the PV function.
It will step you through setting up the formula.

gls858