using technology, determine the present value given that you make quarterly payments of $1,635 at 4.2% compouded quarterly over a 3 year period. round your answer to the nearest cent. a. $15,168.06 c. $19,180.84 b. $19,188.94 d. $18,344.05

To compute for Present value we will use this formula
P= [A[(1+r)^n-1]]/[r(1+r)^n]
where
A= $1635
r=interest rate 4.2%=.042
n = number payments made= 4 x 3= 12
Substituting the variables, we will get a present value of 
P= $15168.06
The answer is letter a. $15168.06.

To compute for Present value we will use this formula
P= [A[(1+r)^n-1]]/[r(1+r)^n]
where
A= $1635
r=interest rate 4.2%=.042
n = number payments made= 4 x 3= 12
Substituting the variables, we will get a present value of 
P= $15168.06
The answer is letter a. $15168.06.