A seriesof equal quarterly payments of $5,000 for 10years is equivalent to what present amountat an interest rate of 8% compoundedquarterly. a) Between $133, 068-$139,968 b)Between $140,915 $149.915 c) Between$101.915 $105,915 d) Between$193,068-$199.968 e) Between $231.915$235,915

here we calculate the given by following method as follow;

Answered: A series fequal quarterly payments of…

A series fequal quarterly payments of $5,000 for 10 ears is equivalent to what present amount t an interest rate of 8% compounded

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A series
of equal quarterly payments of $5,000 for 10
years is equivalent to what present amount
at an interest rate of 8% compounded
quarterly. a) Between $133, 068-$139,968 b)
Between $140,915 $149.915 c) Between
$101.915 $105,915 d) Between
$193,068-$199.968 e) Between $231.915
$235,915

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