# A client is to pay \$1800 per month rent, at the begining of the month. This is for 40 months. The interest rate is 5% The court wants to know what the present value is.

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The Present value calculated according to your information is \$66,193.25

Posted on Jul 16, 2009

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1 month = 1800

40 months = 40 * 1800 = \$ 72 000 ( total excludes interest)

now if interest rate is per month then each = 1800 *105/100 = \$ 1890 per moth at interest rate of 5%
month total per month.

1 month rent+ interest = \$1890
40 months rent including interest at 5% per month = 1890 * 40 = \$75 600

Now if interest rate is per year then

1 month = 1800
12 months( 1 year) = 12 * 1800 = \$21 600

Posted on Jul 16, 2009

• heeman mohun Jul 16, 2009

Total is 75 600 with int rate at 5 %

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