Find the present value of an ordinary annuity with deposits of $14,235 quarterly for 10 years at 10.0% compounded quarterly. What is the present value?

Question

asked Feb 16, 2022 43.0k views

1 Answer

Boryana Miloshevska · Answer 1 · 2022-02-20T21:25:16+0000

You would use this equation y=14,235(1+0.10)^10
Solving it like this
Y=14,235(1.1)^10
Your final answer is 36921.92392 then round and get 36921.92