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It’s a basic TVM calculation. Make sure you have P/Y = 1 in your calculator, and clear your calculator.
N = 20
I/Y = 6
PV = ???
PMT = -13,544.68
FV = zero
Enter the keystrokes, and hit CPT PV, and you get $155,356.4125.
(BTW–I didn’t look at the problem. I’m just going by your information.) |
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