Find the present value of an annuity due that pays $1,600.00 at the beginning of each quarter for 4 years, if interest is earned at a rate of 4%, compounded quarterly.
Present value of annuity due is given as equal
to=16000/(4%/4)*(1-1/(1+4%/4)^(4*4))*(1+4%/4)=237840.8403
Find the present value of an annuity due that pays $1,600.00 at the beginning of each...
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