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.
$9,456.96
$2,311.44
$24,968.07
$5,264.38
Thank you
1 answer
just plug your numbers into your PV formula. You do have the formula, right? If not look it up in your text or online.
1 answer