SOLUTION: Please help, Find the present value. Payments of $82 made quarterly for 20 years at 8% compounded quarterly. A=P(1+(r/n))^(n*t)
I think I'm looking for A. The payments made quart
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I think I'm looking for A. The payments made quart
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Question 731963: Please help, Find the present value. Payments of $82 made quarterly for 20 years at 8% compounded quarterly. A=P(1+(r/n))^(n*t)
I think I'm looking for A. The payments made quarterly is messing me up. Im I using the right equation? Im I setting the problem up right:
P=($82*4) r=.08 n=4 t=20
A=(82*4)(1+(.08/4))^(4*20)
A=(82*4)(1+(.02))^80
A=(82*4)(1.02)^80
A=1599.144043 Answer by lynnlo(4176) (Show Source):
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