Question: Teach me how to solve this question in excel, please. 0/1 pts Question 14 Uncle Frodo left you a pension trust that will pay you

Teach me how to solve this question in excel, please.

Teach me how to solve this question in excel, please. 0/1 pts

0/1 pts Question 14 Uncle Frodo left you a pension trust that will pay you $5,366 per quarter for the next 17 years with the first payment received one quarter from today. If the annual interest rate is 9.4 percent, but compounded quarterly, what is the value of the payments today? Round your answer to FOUR decimal places. u Answered 180,271.5 rect Answer 181,285.0536 margin of error +/-0.5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!