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Category > Business & Finance Posted 28 May 2017 My Price 7.00

Find the present values of the following ordinary annuities

Find the present values of the following ordinary annuities:

a. FV of $400 each six months for five years at a simple rate of 12 percent, compounded semiannually

b. FV of $200 each three months for five years at a simple rate of 12 percent, compounded quarterly

c. The annuities described in parts a and b have the same amount of money paid into them during the five-year period and both earn interest at the same simple rate, yet the present value of the annuity in part b is $31.46 greater than the one in part a. Why does this occur?

 

 

 
 
 

 

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Status NEW Posted 28 May 2017 08:05 AM My Price 7.00

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