What is the present value of the following annuity? $4,947 every quarter year at the end...
What is the present value of the following annuity? $4,947 every quarter year at the end of the quarter for the next 4 years, discounted back to the present at 14.22 percent per year, compounded quarterly?
Homework Answers
Ans $ 59583.23
| Annuity PV Factor = | P [ 1 - ( 1 + r )-n ] |
| r | |
| 4947* ( 1 - ((1 / (1 + 14.22%/4)^16))) | |
| 14.22%/4 | |
| 2118.183723 | |
| 0.03555 | |
| 59583.23 |
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