Each quarter for the next 10 years, Arigato LLP will deposit $1,333 into an investment...
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Each quarter for the next 10 years, Arigato LLP will deposit $1,333 into an investment fund that pays 8% compounded quarterly. What is the present value of those investment payments if the first of 40 deposits are made at the beginning of each quarter? Excerpts from present value of an ordinary annuity and annuity due interest factor tables are as follows: (Round your answer to the nearest dollar) Excerpt from the Present Value of an Ordinary Annuity of $1 Table Periods 20 4 10 89250 8.1109 7 000 6.71008 10 27355.48 19.79277 150160 11.92461 Excerpt from the Present Value of an Annuity Due of $1 Table Periods 4 10 8.43533 7.80169 72689 10 27.9021 20.55448 15.9% 12.87838 A $36,465 8 $37.194 C. 517,167 D. 515.896
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