Sunday

April 20, 2014

April 20, 2014

Posted by **Amanda** on Monday, November 26, 2012 at 1:05pm.

(a) 6%/year, compounded quarterly

$ ?

(b) 3%/year, compounded quarterly

$ ?

- math -
**Reiny**, Monday, November 26, 2012 at 1:18pma) i = .06/4 = .015

n = 4(4) = 16

PV = 31000(1.015)^-16

= 24428.96

b) try it using the same steps as above

let me know what you get

**Related Questions**

math - Find the present value of $31,000 due in 4 yr at the given rate of ...

math - Find the present value of $31,000 due in 4 yr at the given rate of ...

accounting - Selling price of a bond: Problem type 1 On December 31, 2008, $140,...

math - find the present value of the following future amount. 600,000 at 6% ...

accounting - Cypress Oil Company's December 31, 2013, balance sheet listed $645,...

Math - Compare the results of the present value of a $6,000 ordinary annuity at ...

Accounting - A company leases a piece of equipment to another company and ...

Math - On March 31, 2009, Wolfson Corporation acquired all of the outstanding ...

math - Classify the finacial problem. Assume a 7% interest rate compounded ...

math - Classify the finacial problem. Assume a 7% interest rate compounded ...