Thursday

December 18, 2014

December 18, 2014

Posted by **Kate** on Tuesday, July 12, 2011 at 5:48pm.

$1500 at the end of each 3-month period, for 5 years, at 4.5% p/a, compounded quarterly

- Math -
**MathMate**, Wednesday, July 13, 2011 at 6:05amUse the standard formula:

P=R(1-(1+i)^(-n))/i

where

P=present value

R=payment per period ($1500/three months)

i=interest per period = 0.045/4=0.01125

n=number of periods = 4*5=20

**Answer this Question**

**Related Questions**

Math - At the beginning of each period for 9 years, Scott Sullivan invested $...

Math - Jim Gray invested $8,500 four times a year in an annuity due at All-Star ...

Math - Determine the future value of an annuity due into which quarterly ...

Math - Determine the future value of an annuity due into which quarterly ...

Math - Determine the future value of an annuity due into which quarterly ...

Math - Determine the future value of an annuity due into which quarterly ...

Corporate Finance - A 15-year annuity pays $1,750 per month, and payments are ...

Math - Find the present value of the annuity necessary to fund the withdrawal of...

Math - Find the present value of the annuity necessary to fund the withdrawal of...

math - find the present value of ordinary annuity payments of 890 each year for ...