An annuity has an interest rate of 7 and makes a quarterly


An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is the present value of the annuity?

Solution Preview :

Prepared by a verified Expert
Finance Basics: An annuity has an interest rate of 7 and makes a quarterly
Reference No:- TGS01606129

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)