michaelgauna2001
contestada

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

Respuesta :

sqdancefan

Answer:

  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

Answer:

b : 60

Step-by-step explanation:

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