Question
Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV
Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)
| annual payment | annual rate | interest compounded | period invested | present value of annuity |
| 5,400 | 6.0% | quarterly | 2 years | |
| 10,400 | 8.0% | annually | 5 years | |
| 4.400 | 10.0% | semiannually | 3 years |
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Strategic Audits For Continuous Business Improvement
Authors: Parbatee Chang
2nd Edition
1507679483, 978-1507679487
