SOLUTION: The futire value of an annuity is A= $32,000. Periodic payments are made quarterly for four years and the annuity earns 8% compounded quarterly. Find the perodic payments A.

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Question 87178: The futire value of an annuity is A= $32,000. Periodic payments are made quarterly for four years and the annuity earns 8% compounded quarterly. Find the perodic payments


A. $422.40
B. $1,716.80
C. $2,000.00
D. $2,160.00
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
B is the answer using the TI-83 FV Solver.
Cheers,
Stan H.