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How do I calculate the present value annuity factor in Web2.0? If the rate is 2% and number of periods is 3? I have tried several different ways entering the formula in Web2.0 ans I can't get the correct answer.

 Sep 11, 2020
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PV = FV / [1.02^3] . If FV =1,000

PV =1000/ 1.061208

PV =$942.32

 

Note: Calculate 1.02^3 FIRST, then divide FV by the result.

 Sep 11, 2020

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