I am having a problem with this: Help Problem: Calculate the rent of a decreasin

Question

I am having a problem with this: Help
Problem: Calculate the rent of a decreasing annuity at8% interest compounded quarterly with payments made everyquarter-year for 7 years and present value $100,000.
F=(1.02)^28-1/.02*R f=(1.741024206174)-/.02*2 100,000r=.74102420617/02*R This is where I am stuck. What is R?
Problem: Calculate the rent of a decreasing annuity at8% interest compounded quarterly with payments made everyquarter-year for 7 years and present value $100,000.
F=(1.02)^28-1/.02*R f=(1.741024206174)-/.02*2 100,000r=.74102420617/02*R This is where I am stuck. What is R?

Explanation / Answer

here rate perecentage =8. present value is=$100,000. now taking quarterly N=28. now by compound interest formula for depreciation final value =present value *(1-r/100)^28                 =$100.000 *(0.92)^28

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