What is the present value of an ordinary annuity consisting of 15 annual payments of $50 with an interest rate of 3.5% p.a.compounded quarterly?
A)$575.87
B)$3,486.36
C)$1,159.29
D)$2,326.24

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The Answer of What is the present value of an ordinary annuity consisting of 15 annual payments of $50 with an interest rate of 3.5% p.a.compounded quarterly?
A)$575.87
B)$3,486.36
C)$1,159.29
D)$2,326.24

What Is the Present Value of an Ordinary Annuity Consisting