Question

Asked Sep 10, 2019

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3. What is the Uniform Series Present Worth factor for an interest rate of 5.5% over 20 years?

Step 1

Solution - From the question

Uniform series - It is a series of uniform payments which are uniform in amount are uniform spaced.

Uniform worth factor - Uniform worth factor used to calculate unifor payment for uniform amount of time .

Given in the question

Interset rate (i) = 5.5%

No. of Years (n) = 20

We have to calulate

Uniform Series present worth payment = ?

Step 2

In eqn.(1) putting the va...

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