Answered: A series of equal semi-annual payments…

A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at an interest rate of 12% compounded annually $4,804 $4,944 $4,111 $4,917

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present
amount at an interest rate of 12% compounded annually
A) $4,804
B
$4.944
(c) s4,111
$4,917

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