Janice and Terry Van Dyke have decided to establish a quarterly ordinary annuity of $2,000 for the next ten years at 12% annual interest compounded quarterly. Howmuch should they invest in a lump sum now to provide the stream of payments?Click the icon to view the present value of a $1.00 ordinary annuity table.They should invest $(Round to the nearest cent as needed.)

This is present value of annuity problem and we have to find out present value FACTOR and find out…

'an Dyke have decided to establish a quarterly ordinary annuity of $2,000 for the ne invest in a lump sum now to provide the stream of payments? to view the present value of a S1.00 ordinary annuity table.

'an Dyke have decided to establish a quarterly ordinary annuity of $2,000 for the ne invest in a lump sum now to provide the stream of payments? to view the present value of a S1.00 ordinary annuity table.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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Janice and Terry Van Dyke have decided to establish a quarterly ordinary annuity of $2,000 for the next ten years at 12% annual interest compounded quarterly. How
much should they invest in a lump sum now to provide the stream of payments?
Click the icon to view the present value of a $1.00 ordinary annuity table.
They should invest $
(Round to the nearest cent as needed.)

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