Find the present value of an annuity due that pays $3000 at the beginning of each...

Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the next 9 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest cent.)

Expert Solution

Present value of the annuity due is $82,281.58 calculated as follows:

jeff jeffy answered 5 months ago

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