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Earn +20 ptsQ: What is the meaning of PMT?
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Continue Learning about Math & Arithmetic
How to calculate interest?
Pmt/principal
What is the present value of a security that will pay 5000 in 20 years if securities of equal risk pay 7 percent annually?
With a financial calculator enter the following number: N = 20, I/YR = 7, PMT = 0, and FV = 5000. Solve for PV = $1,292.10.
What is the formula to find IRR?
You need to calculte the cash flow of the project to the present, compare to 0 and solve the equation :(I0/(1+X))+(PMT1/(1+X2)+..+(PMTn/(1+Xn)=0Where I = Investment, PMT = Payment each period, X = The equation to solve)Another quick solve is using excel or.
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