13 - Basic Notes Payable and Present Value Calculations

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I went from completely lost with PV to having a good grasp. Also checked out your website. Thank you for being a great teacher.

ReRusted
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Wow!  This subject frustrated me to no end in school, but you spelled it out so clearly I got it on the first try. :-)

nerysghemor
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what is the PV formula? Excel doesn't tell you how the formula works! Face value is 700, 000; interest = 9% over 3 years and annual equal payment is 21, 000 (700, 000 x 3% market rate). Excel only gives you the answer of 593, 685$

lfguyj