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Find the present value of an ordinary annuity with deposits of $14,235 quarterly for 10 years at 10.0% compounded quarterly. What is the present value?
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Find the present value of an ordinary annuity with deposits of $14,235 quarterly for 10 years at 10.0% compounded quarterly.

What is the present value?

User Gilonm
by
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1 Answer

3 votes
You would use this equation y=14,235(1+0.10)^10
Solving it like this
Y=14,235(1.1)^10
Your final answer is 36921.92392 then round and get 36921.92
User Boryana Miloshevska
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