jocekinn jocekinn

13-04-2017
Mathematics

contestada

Find the present value.
Amount per Payment: $820

Payment at the End of Each: 6 months

Number of Years: 14

Interest Rate: 5%

Compounded: Semiannually

Respuesta :

Aliwohaish12 Aliwohaish12

14-04-2017

PVAO=820[(1-(1+0.05/2)^(-2*14))/(0.05/2)]
PVAO=16371.21

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