1 find the present value of ordinary annuity 800 per, Ask an Expert

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1. Find the present value of ordinary annuity $800 per quarter for 7 years at 12%/year compounded quarterly.

a. $12,223

b. $14,896

c. $15,011

d. $10,225

2. Tom and Michelle have set up an ordinary annuity in order have $150,000 in 8 years for their children’s college education. How much should be paid semiannually into an account paying 10% compounded semiannually?

a. $6,340

b. $4,689

c. $5,860

d. $8,894

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92375063

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