An annuity offers a payment of $5000 at the beginning of every three months for twenty years. Interest is compounded

An annuity offers a payment of $5000 at the beginning of every three months for twenty years. Interest is compounded

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An annuity offers a payment of $5000 at the beginning of every three months for twenty years. Interest is compounded
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An annuity offers a payment of $5000 at the beginning of every three months for twenty years. Interest is compounded monthly at a nominal rate of 8.8%, and the first payment is deferred for 3 years. Determine the amount that you would pay for this annuity today.

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the given information Payment amount 5000 Payment frequency Every three months Total payment period
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