Well, "present value of an annuity due" actually. Say I receive $250 annuity payments on the first day of the month for which the payment is due. There are 12 years left in the annuity. What is it worth today? Anyone have a formula for this handy? Thanks in advance.
or if you want to be EXTREMELY accurate (adjusting for the fact that the payments occur at different intervals because months have different number of days, use the XNPV function. (See excel help or google for implementation)
