Question
Julia Baker died, leaving to her husband Tony an insurance policy contract that provides that the beneficiary (Tony) can choose any one of the following
Julia Baker died, leaving to her husband Tony an insurance policy contract that provides that the beneficiary (Tony) can choose any one of the following four options. Money is worth2.50% per quarter, compounded quarterly. Compute Present value if:
-$19,030immediate cash and $1,903every3months for10years, payable at the beginning of each 3-month period.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Present value?
-$4,110every3months for3years and $1,470each quarter for the following25quarters, all payments payable at the end of each quarter.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Present value?
Please show work. Thanks
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