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January 27, 2015

January 27, 2015

Posted by **pookie** on Friday, April 3, 2009 at 11:25am.

- accounting -
**Helper**, Friday, April 10, 2009 at 10:38pmThe formula is:

PV of the principle, $1,000

Plus the PV of the interest

Are you using Present Value Tables?

PV of the principle comes from the PV of $1.

PV of the interest is one years' interest and the factor from he PV of annuity table.

Use the 10% column from the table for 10 periods.

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