i need to know amount needed now to invest to receive annuity of 15000
amount of annuity expected %15000
payment quarterly
4 years
8 %
present value needed now to receive annuity

P = $203,666

Step-by-step explanation:

given,

rate = 8 %   for quarterly  rate = 8/4 = 2 %

time = 4 years = 4 × 4 = 16 quarters                            

annuity needed after 4 years =  $ 15000                            

Present value (P)=                

                        P =        

                        P = $203,665.63                            

hence, the present value require to get Annuity of 15000 P = $203,666

5+2x=a

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