Answer to Question #82095 in Financial Math for Inga

Question

(a)Assume that the rate of interest is 6% per annum, compounded quarterly. Find the present value of a regular payment of $3,600 per annum payable for 4 years if the payment is made quarterly in arrears.

(b) Findthepresentvalueofthesameregularpaymentof $3,600perannumpayablefor4yearsifpayment is made continuously through the year.

Answer 1

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