Find the present value of the following annuity:An amount of $15,806 is paid quarterly for 3 years at a compound quarter interest of6.8%.(a) $170,260.47(b) $170,270.74(c) $170,200.47(d) $170,275.47AnswerASubmit

The present value of the annuity is the current value of all payments to be received in the future…

Answered: Find the present value of the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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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 Answer O B Submit