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How do I get the present value of interest. Present value formula of $1 = 1/(1+i)^n
for the principal present value say 100,000 i = 10% ; n = 5 1/(1.05)^5= .6139 * 100,000 = 61,391
4,000 is interest payment paid annually = 7.72173
what is the formula to find Present Value of interest of 7.72173?
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