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

 The second question is not correct!! Determine the present value of

The second question 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(10) 50.04 b) 2(14)a) 4 510.04 C) 32(1(4)a)(4) 50.04 d) 32(I (4)a) (4) 2010.04 e) 2(1(4)a)(4) 2010.04 Answer: C (Enter a, b, c, d ore (must be all lower cases)) 2) What is the value for the symbol you used in part 1? PV = $ 127 (Please round your answer to the nearest whole number)

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