3 years ago

Valdez Construction signed a note with a payment of $5,200 per quarter for 5 years.

1 answer:

5 0

:)
Use the formula of the present value of annuity ordinary
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv=5,200×((1−(1+0.08÷4)^(−4
×5))÷(0.08÷4))=85,027.45....answer

Hope it helps

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