How Much Must Be Invested Now at 6

question 97

Essay

How much must be invested now at 6.5% per year compounded quarterly, to fund an annuity of 15 quarterly payments of $500 each, the first payment being three months after the initial investment?

---

Definitions:

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs, and the impacts that these processes have on the consumer and society.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Validity

The degree to which a tool, test, or study accurately measures what it intends to measure or reflects the true reality.

Marketing Researchers

Professionals who study market conditions, consumer behaviors, and competitive dynamics to provide insights and guidance for marketing strategies and decisions.