Question: 8. An annuity of P5,000 payable every 3 months for 5 years is deferred for 2 years. If money is worth 8% compounded quarterly,

8. An annuity of P5,000 payable every 3 months for 5 years

8. An annuity of P5,000 payable every 3 months for 5 years is deferred for 2 years. If money is worth 8% compounded quarterly, find the annuity value: a) beginning of the 3rd year; b) at present; c) end of the 7th year; d) end of the 8th year; e) end of the 4th year. Money is worth 8% compounded quarterly.

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