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1 COMPUTING THE VALUE OF A FINITE ANNUITY 3 Periodic Payment, P 4 Number of Periods, n 5 Discount Rate, r 1000 10% 7 Find the value of the annuity using: 8 Annuity Formula Hint: The formula for the present value of an annuity paying a constant periodic payment P at an interest rate of r for n periods is given by Using PV function 1- (1 r)- Year Cash flow 1 1,000.00 2 1,000.00 3 1,000.00 4 1,000.00 5 1,000.00 Find the present value of the annuity using: Hint: Use the cash flows in the above table 9 Using NPV function as inputs to the NPV function