Ask Question
13 September, 18:47

If quarterly payments are made for 15 years, find the value for n in the following present value ordinary annuity formula.

F V = P (StartFraction (1 + t) superscript n Baseline minus 1 over i EndFraction)

a.

(45)

b.

(60)

c.

(15)

d.

StartFraction 15 Over 4 EndFraction

+2
Answers (1)
  1. 13 September, 19:25
    0
    b. (60)

    Step-by-step explanation:

    n represents the number of payments. If there are 4 per year for 15 years, that's a total of 4*15 = 60 payments.

    n = 60
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If quarterly payments are made for 15 years, find the value for n in the following present value ordinary annuity formula. F V = P ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers