Find the present value of the annuity. Amount Per Payment: $6,225 Payment at End of Each: Quarter Number of Years: 6 Interest Rate: 8% Compounded: Quarterly

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asked Feb 16, 2018 47.0k views

3 votes

Find the present value of the annuity.

Amount Per Payment: $6,225

Payment at End of Each: Quarter

Number of Years: 6

Interest Rate: 8%

Compounded: Quarterly

Mathematics
high-school

Freestyle asked

by Freestyle

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1 Answer

2 votes

Yeah

Pv=6,225×((1−(1+0.08÷4)^(−4
×6))÷(0.08÷4))=117,739.19

Hope it helps

Regene answered Feb 20, 2018

by Regene

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