kybeaton3122 kybeaton3122

26-07-2016
Mathematics

Answered

Find the present value of the ordinary annuity.

Payments of $93 made quarterly for at 8% compounded quarterly

Verified Answer :

Hussain514 Hussain514

26-07-2016

8% of 93
8/100*93
7.44 is the present value of the ordinary annuity.

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