Find the periodic payments


Problem: The future 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 periodic payments.

A. $422.40

B. $1,716.80

C. $2000.00

D. $2,160.00

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find the periodic payments
Reference No:- TGS01798360

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)