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.
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> 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.
Log On
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):