Present value of an Annuity
The present value P of an annuity of n payments of R dollars each at the end of
consecutive interest periods with interest compounded at a rate of interest i per
period is
![P=R[ \frac{1-(1+i)^{-n}}{i}]](https://mymathangels.com/wp-content/ql-cache/quicklatex.com-01d5ae1c56e41e74c8c99412152e6249_l3.png "Rendered by QuickLaTeX.com")
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