Calculate the present value of an ordinary annuity consisting of payments of $5,000 each, made at the end of every three months for six years. Assume that money is worth 7.2% compounded quarterly.
A) $46,070
B) $76,295
C) $96,748
D) $105,186
E) $122,517

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The Answer of Calculate the present value of an ordinary annuity consisting of payments of $5,000 each, made at the end of every three months for six years. Assume that money is worth 7.2% compounded quarterly.
A) $46,070
B) $76,295
C) $96,748
D) $105,186
E) $122,517

Calculate the Present Value of an Ordinary Annuity Consisting of Payments