Answered: A series of equal quarterly payments of…

A series of equal quarterly payments of $2,500 extends over a period of four years. What is the present worth of this quarterly-payment series at 8% interest compounded continuously?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 5P

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A series of equal quarterly payments of $2,500 extends over a period of four years. What is the present worth of this quarterly-payment series at 8% interest compounded continuously?

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