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Find the present value of the ordinary annuity. Payments of $93 made quarterly for at 8% compounded quarterly

Find the present value of the ordinary annuity. Payments of $93 made quarterly for at 8% compounded quarterly
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3 votes
Find the present value of the ordinary annuity.

Payments of $93 made quarterly for at 8% compounded quarterly

User Mohsenme
by
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1 Answer

5 votes
8% of 93
8/100*93
7.44 is the present value of the ordinary annuity.
User Jan Galinski
by
8.3k points
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