Answered: 3. Determine the present worth of an…

3. Determine the present worth of an annuity consisting of 14 quarterly payments each S1000, the first at the end of the 5th year. Money is worth 10% compounded quarterly.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please include a drawing of cashflow diagram

3. Determine the present worth of an
annuity consisting of 14 quarterly
payments each S1000, the first at the
end of the 5th year. Money is worth
10% compounded quarterly.

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