( please give correct answer within 10 minutes i will give thumbs up) Find the present value of the following ordinary deferred annuity.PeriodicMadePaymentPeriodPeriod ofInterestConversionPaymentAt:DefermentTermRatePeriod$310end1 year8 years4 years11%quarterlyThe present value of the ordinary deferred annuity is $ 3434(Pound the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

The problem relates to the time value of money wherein we should compute first the annual effective…

Find the present value of the following ordinary deferred annuity. Periodic Made Payment Period Period of Deferment Interest Conversion Payment At: Term Rate Period $310 end year 8 years 4 years 11% quarterly

Find the present value of the following ordinary deferred annuity. Periodic Made Payment Period Period of Deferment Interest Conversion Payment At: Term Rate Period $310 end year 8 years 4 years 11% quarterly

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 7MC

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Question

( please give correct answer within 10 minutes i will give thumbs up)

Find the present value of the following ordinary deferred annuity.
Periodic
Made
Payment
Period
Period of
Interest
Conversion
Payment
At:
Deferment
Term
Rate
Period
$310
end
1 year
8 years
4 years
11%
quarterly
The present value of the ordinary deferred annuity is $ 3434
(Pound the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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