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Lump sum needed today to match future regular payments' value
Equal payments made at regular intervals
PV=intersection value×payment amountPV = \text{intersection value} \times \text{payment amount}PV=intersection value×payment amount
PV=FV(1+r)nPV = \frac{FV}{(1 + r)^n}PV=(1+r)nFV
Determine time period and rate of interest
Pre-calculated value where row and column meet
Divide annual interest rate by 12
Multiply number of years by 4
PMT=PVintersection valuePMT = \frac{PV}{\text{intersection value}}PMT=intersection valuePV
PV is always less than FV due to interest earned over time
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