Series of prospective payments

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Reference no: EM13860675

Please show what formula to use.

What is the present value of the following series of prospective payments?

a. $600 a month for 3 years at 13% compounded annually.

b. $5,000 a year for 5 years at 16% compounded semiannually.

c. $2,500 each year for 10 years at 8% compounded quarterly.

d. $14,000 each quarter for 4 years at 12% compounded monthly.

Reference no: EM13860675

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