Determine the present value of an annuity if P6,800 paid at the end of subsequent calendar quarter for 7 years and the money is worth 6% compounded quarterly.
A. P162,292.11
B. P154,541.67
C. P151,892.14
D.P145,299.24
A. P162,292.11
B. P154,541.67
C. P151,892.14
D.P145,299.24
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General annuity
PNT= P 6,800
t = 7
m = 4
n = tm = 28
I = 6 %
j = i/m = 1.5%
PV = PMT x 1-(1+j)^-n/j
ㅤ = 6,800 x 1-(1+1.5)^-28/1.5%
ㅤ = 154,541.67
Ans: B