Illustrate what type of cash flow pattern is this

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Reference no: EM13131643

Suppose you key in the following numbers into your financial calculator’s TVM part.

N 20
I/Y 7
PV ?
PMT 20
FV 10,000

You should get -$2,796.07

What is the corresponding time line for these cash flows? (Show it to me).

What type of cash flow pattern is this?

What formula would you use to solve this problem? (Write down the formula!)

When you put the above given numbers into your formula, do you get the same answer? Why or why not?

Reference no: EM13131643

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