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where PMT is the periodic payment i is the required rate of return n is the number of periods PV=6,250,000[1-(1+0.12)^(-8)]_(bar (0.12))=$31,0 Alternatively, use the present
where PMT is the periodic payment i is the required rate of return n is the number of periods PV=6,250,000[1-(1+0.12)^(-8)]_(bar (0.12))=$31,0 Alternatively, use the present value tabl the winnings as follows: Year Cash flow PV factor at 12% Present
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