Question

Find the present value of an ordinary annuity with regular quarterly
opayments worth P1,000 at 3% annual interest rate compounded
quarterly at the end of 4 years.

Answer 1

Answer:

can you tell from which chapter

Answer 2

Answer:

Alternative Formula for the Present Value of an Annuity Due

If dividing an annuity due by (1+r) equals the present value of an ordinary annuity, then multiplying the present value of an ordinary annuity by (1+r) will result in the alternative formula shown for the present value of an annuity due.