Posted by Brent_IL on January 13, 2004 at 17:33:25:
I used a 12-C because it?s in common usage. If you use a 19b-II, or a TI calculator, there will be a fractional difference.
A ? Using the 2.5% as a quarterly discount rate, the PV is $6,275.69.
B - Same parameters; FV = $16,850.64
More MATH problems~~~ - Posted by Jay(OR)
Posted by Jay(OR) on January 13, 2004 at 17:22:55:
Suppose John contributes $1,000 to his pension annually ($250/qtr), but he contributes quarterly for 10 years. If annual r = 10%:
A) What is the present value of this annuity?
B)What is the future value of this annuity after 10 years compounded quarterly?