Umber is the project manager of a new project. Another employee calculated the present worth of the project as $585618, but now the CEO has asked Umber to calculate the equivalent uniform quarterly worth of the project. The company uses a nominal annual rate of 24%, compounded quarterly. The project has a lifespan of 9 years. What is the equivalent uniform quarterly worth of this project?

Answer rating: 100% (QA)

To calculate the equivalent uniform quarterly worth of the project we need to convert the present wo... View the full answer