juliawatakip5fmg7
30.08.2019 •
Mathematics
Amount of annuity expected 15000
quarterly
4 years
8%
present value
Solved
Show answers
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Ответ:
203,665.63
Step-by-step explanation:
Given:
Amount of annuity expected = 15000
Period = 4 years
Rate = 8%
for quarterly, rate, r = 0.08 / 4 = 0.02
total quarters in 4 years, n = 4 × 4 = 16
Now,
The present value is given as:
on substituting the respective values, we get
or
Present value = 203,665.63
Ответ: