Find the regular payments for the given annuity with Quarterly payments Test 1

Annuity and Future Value: • Annuity and Future Val...
Future Value of Annuity is the compounded amount at the end of the term.
Annuity Future Value: • Annuity and Future Val...
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Present Value P of an Annuity of n payments of R each at the end of consecutive interest periods with interest compounded at a rate i per period is given by the formula: PV=R((1-(1+i)^(-n))/i)
Annuity and Future Value: • Annuity and Future Val...

[@user-ud2hj9sm2d]

Whats the formulae for calculating present value in a compound interest

[@amanarora600]

Tell us about annuity due

[@MathematicsTutor]

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[@NDAUVIKANKLUKAS]

Where that 400 came from sir?

[@MathematicsTutor]

Withdrawal is every 3 months. It means Quarter. Interest rate is given annually. To make it quarterly we divide it by 4. 4 x 100 is to write the effective rate in decimals from percent. Hope that is clear now. Thanks

[@NDAUVIKANKLUKAS]

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[@MathematicsTutor]

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