Find the present value of an annuity if $1,600.00 is paid to you at the end of every 2 months for 3 years, if interest is earned at a rate of 5%, compounded every 2 months.The present value is $. (Round to 2 decimal places.
Find the present value of an annuity if $1,600.00 is paid to you at the end of every 2 months for 3 years, if interest is earned at a rate of 5%, compounded every 2 months.The present value is $. (Round to 2 decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the present value of an annuity if $1,600.00 is paid to you at the end of every 2 months for 3 years, if interest is earned at a rate of 5%, compounded every 2 months.
The present value is $. (Round to 2 decimal places.
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