You Find the present value of the following annuity: An amount of $15,806 is paid quarterly for 3 years at a compound quarter interest of 6.8%. (a) $170,260.47 (6) $170,270.74 (c) $170,200.47 (d) $170,275.47

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
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Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Find the present value of the following annuity:
An amount of $15,806 is paid quarterly for 3 years at a compound quarter interest of
6.8%.
(a) $170,260.47
(6) $170,270.74
(c) $170,200.47
(d) $170,275.47
Transcribed Image Text:You Find the present value of the following annuity: An amount of $15,806 is paid quarterly for 3 years at a compound quarter interest of 6.8%. (a) $170,260.47 (6) $170,270.74 (c) $170,200.47 (d) $170,275.47
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