Math
posted by Kate .
Determine the present value of the annuity:
$1500 at the end of each 3month period, for 5 years, at 4.5% p/a, compounded quarterly

Use 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
Respond to this Question
Similar Questions

Math
Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly. 
Math
Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly. 
Math
Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly. 
Math
Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly. 
Math
Find the present value of the annuity necessary to fund the withdrawal of $600 per month for 10 years, if the annuity earns 2% per year and if there is to be $10,000 to be left in the annuity at the end of the 10 years. (Assume endofperiod … 
Math
Find the present value of the annuity necessary to fund the withdrawal of $600 per month for 10 years, if the annuity earns 2% per year and if there is to be $10,000 to be left in the annuity at the end of the 10 years. (Assume endofperiod … 
Math
At the beginning of each period for 9 years, Scott Sullivan invested $900 quarterly at 4% interest compounded quarterly. What is the present value of this annuity due? 
Math
Jim Gray invested $8,500 four times a year in an annuity due at AllStar Investments for a period of 3 years at an interest rate of 12% compounded quarterly. Using the ordinary annuity table , calculate the total value of the annuity … 
Corporate Finance
A 15year annuity pays $1,750 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present … 
Finite math
Consider the following annuity scheme: regular payments of $200 are made every two months at the end of the month (in other words, there are six equally spaced payments over the year) into an account with a nominal rate of 6% compounded …