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An Annuity Immediate Has 32 Initial Quarterly Payments Of 20 Followed By A Perpetuity Of Quarterly Payments Of 25 Starting In The 9th Year. Find The Present Value At A Nominal Rate Of 16%

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The present value of the nominal rate of the annuity will be $535.

How to calculate the annuity?

Annuity amount = 20

Number of annuities = 32

APR = 16%

PV of annuities = 357

Number of years to perpetuity = 8

Quarterly perpetuity = 25

PV of perpetuity at 9th year = 625

PV of perpetuity today = 178

Total PV = 357 + 178 = 535

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