SOLUTION: Find the present value of an ordinary annuity of $600 payments each made quarterly over 5 years and earning interest at 4% per year compounded quarterly.

SOLUTION: Find the present value of an ordinary annuity of $600 payments each made quarterly over 5 years and earning interest at 4% per year compounded quarterly.

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Question 697216: Find the present value of an ordinary annuity of $600 payments each made quarterly over 5 years and earning interest at 4% per year compounded quarterly.
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
compound interest======================132.11
total amount==============732.11
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