Nancy Billows promised to pay her son $600 quarterly for 4 years. If Nancy can invest her money at 6 percent in an ordinary annuity, Nancy must invest how much today? (Use the tables in the handbook)
a)$10,759.38
b)$10,759.83
c)$8,478.72
d)$8,478.27
e)None of these

Question

Nancy Billows promised to pay her son $600 quarterly for 4 years. If Nancy can invest her money at 6 percent in an ordinary annuity, Nancy must invest how much today? (Use the tables in the handbook)
 a)$10,759.38
 b)$10,759.83
 c)$8,478.72
 d)$8,478.27
 e)None of these

anonymous · Answer

I'd love to see the tables in the handbook to help you

anonymous · Answer

(Use the tables in the handbook)