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Find the Present Value of the Annuity

Question 46

Multiple Choice

Find the present value of the annuity. Round to the nearest cent. Find the present value of the annuity. Round to the nearest cent. -Payments of $61 made quarterly for 5 years at 8% compounded quarterly A) $956.39 B) $494.76 C) $243.56 D) $997.44
-Payments of $61 made quarterly for 5 years at 8% compounded quarterly


A) $956.39
B) $494.76
C) $243.56
D) $997.44

Correct Answer:

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