Solved: Suppose that for valuing an annuity for gift tax purposes, Finance Basics

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Suppose that for valuing an annuity for gift tax purposes

Suppose that for valuing an annuity for gift tax purposes, the IRS currently requires a discount rate of APR = 12%, compounded quarterly. What is the value today of an annuity with 24 quarterly payments of $600,000 if the first payment begins 6 months from today?

Please show all supporting work. Including financial calculator inputs (no excel input or "CF" calculator functions, please).

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Finance Basics: Suppose that for valuing an annuity for gift tax purposes

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Finance Basics: Suppose that for valuing an annuity for gift tax purposes

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