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Next Page Page 6 of 6 This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial

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Next Page Page 6 of 6 This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Question 6 (1 point) What is the present value of the following annuity? $2,627 every quarter year at the end of the quarter for the next 12 years, discounted back to the present at 18.52 percent per year, compounded quarterly? Round the answer to two decimal places. Your Answer: Answer Page 6 of 6 Next Page

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