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where on earth can 1,000,000 * 7.722 = 7721735? CAN YOU PLEASE EXPLAIN THIS MAGIC
Sorry i have to disagreed with you because you said in your video that you have already calculated on your calculator.
PV of $100,000 using DF of 10 years 5% . Anuity table give 7.722
the answer is supposed to be $7,722,000Hi,
Work out a 5% annuity for 10 years on your calculator, and you’ll see that I’ve just not rounded it.
I HOPE THAT EXPLAINS THE MAGIC. DON’T STRESS!
Thanks
Chris thanks for your response but the figure there on the table is 7.722
so when multiplied by $100,000 the answer becomes = $ $7,722,000. So i did not know how yours where $7,721735. So i feel confused here
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