The first quarterly payment of $750 in a five year annuity will be paid 3 3 4 years from now Based on a discount rate of 8 25 compounded monthly, what is present value of the payments today ...

Given PMT 750 Term 5 years j 825 m 12 deferral period 35 ...

The first quarterly payment of $750 in a five-year annuity will be paid 3 3/4 years from

Question:

The first quarterly payment of $750 in a five-year will be paid 3 3/4 years from now. Based on a of 8.25% compounded monthly, what is present value of the payments today?
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...