A series of quarterly payments of P1,300 each at the first payment is due at 4 years, and the last payment at the end of 12 years. If money is worth 5 ½ % compounded quarterly:

The Value of Payments is  P18,557.15

Step-by-step explanation:

The quarterly payment is an annuity payment.

Use the following formula to calculate the present value of the payments.

PV of Annuity = Annuity Payment x ( 1 - ( 1 + interest rate )^-Numbers of periods ) / Interest rates

Where

Annuity Payment = Quarterly payment = P1,300

Interest rate = 5.12% x 3/12 = 1.375%

Numbers of periods = 4 years x 12/3 = 16 quarters

PV of Annuity = Value of Payments  = ?

Placing values in the formula

Value of Payments = P1,300 x ( 1 - ( 1 + 1.375% )^-16 ) / 1.375%

Value of Payments =  P18,557.15

you can not drow on this

step-by-step explanation:

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (