Asked by Kal Jay

Find the present value of an ordinary annuity of $500 payments each made quarterly over 6 years and earning interest at 8% per year compounded quarterly.
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$9,456.96
$2,311.44
$24,968.07
$5,264.38

Thank you
Answered by Steve
just plug your numbers into your PV formula. You do have the formula, right? If not look it up in your text or online.
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