Question

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

Answer 1

Yeah

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

Hope it helps