Calculate the rent of a decreasing annuity at 8% interest compounded quarterly with payments made every quarter-year for 7 years
and present value $78,000.
1 answer:
The general Formula for a decreasing Annuity is:

For this example we have:
P = 78,000
n = 7*4 = 28
i = 8%/4 = 2% = 0.02
After substituting you can find value for R, rent.
You might be interested in
Answer:
4 and 6
Step-by-step explanation:
4 and 6
Just multiple them together and u get 693
Answer:
the answer is there...
Answer:
how can I tell u the answer which out a pic
Step-by-step explanation:
Answer: What is the question????