YouFind the present value of the following annuity:An amount of $15,806 is paid quarterly for 3 years at a compound quarter interest of6.8%.(a) $170,260.47(6) $170,270.74(c) $170,200.47(d) $170,275.47

The provided information are: PMT = $15806 NPER = 3 Rate = 6.80%

Answered: You Find the present value of the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You Find the present value of the following annuity: An amount of $15,806 is paid quarterly for 3 years at a compound quarter interest of 6.8%. (a) $170,260.47 (6) $170,270.74 (c) $170,200.47 (d) $170,275.47