Question: the second one is not correct Determine the present value of $2 at the end of the first quarter, $4 at the end of the

the second one is not correct

Determine the present value of $2 at the end of the first quarter, $4 at the end of the second quarter, $6 at the end of the third quarter, and so on for 5 years. The annual effective interest rate is 4%. Use the pthly increasing pthly annuities for this question 1) Which of the following is the right symbol for this PV? a) 2(la) (4) 510.04 b) 2(14) a)(4) 510.04 c) 32(1(4)a) (4) 510.04 d) 32(/(4)a)(4) 2010.04 e) 2(7(4)a) (4) 2010.04 Answer: C (Enter a, b, c, d or e (must be all lower cases)) 2) What is the value for the symbol you used in part 1? PV = $ 367.02

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