Question

When using the spreadsheet (Excel) function for finding the PV of an annuity, it's a good idea to enter the Blank______ as a negative value.
GPT-4o mini
When using the Excel function for finding the Present Value (PV) of an annuity, it's a good idea to enter the **payment amount** as a negative value. This is because the payment represents an outgoing cash flow (money you are paying out), and entering it as a negative helps to correctly reflect the PV calculation, where inflows are typically positive and outflows are negative.