TVM13 - Present Value of an Annuity Previous TVM Home Next TVM13 - Present Value of an Annuity from Richard Campbell Audio Transcript This is a present value of an annuity problem.What is the present value of rental receipts of $7,000 to be received at the end of each of the next 6 years when discounted at 11.5%?First, plug in the known values into the appropriate cells:The number of periods – NPER – is 6The interest rate – Rate – is 11.5%The payment – PMT – is $7,000.00Going to the formulas tab, look for the PV function.The function wizard pops upSelect Rate,Select NPER,Select PMTHit OKThe PV is ($29,192)