Cash Value of Rente Pra Numerando

The value of rente pranumerando is the sum of all installment cash values calculated at the beginning of the first interest period.

Cash Value Formula of Rente Pra Numerando

Information :
CV = Cash value
C = First capital at the period
i = Percentage of interest per period
n = Period period

Example of Cash Value of Rente Pra Numerando

A student will get a scholarship at the beginning of every month from PT UNILEVER for $250,000 for 3years. If the gift will be granted at the beginning of the first month at 2%/month interest, please specify the amount of the scholarship total received by the student!

Answer:
C = $250,000
i = 2%/month = 0.02/month
n = 3years = 26months

So the total scholarship received by the students is $6,499,654.83

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