Question: can someone answer this asap plz! Find the present value of an annuity if $1,000.00 is paid to you at the end of every 4
Find the present value of an annuity if $1,000.00 is paid to you at the end of every 4 months for 5 years, if interest is earned at a rate of 5%, compounded every 4 months. The present value is $ (Round to 2 decimal places.) Find the present value of an annuity if $1,000.00 is paid to you at the end of every 4 months for 5 years, if interest is earned at a rate of 5%, compounded every 4 months. The present value is $ (Round to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
