Find the present value of the annuity that will pay $1,500 every 6 months for 9 years from an account paying interest at a rate of 8% compounded semiannually.
Find the present value of the annuity that will pay $1,500 every 6 months for 9 years from an account paying interest at a rate of 8% compounded semiannually.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Find the present value of the annuity that will pay $1,500 every 6 months for 9 years from an account paying interest at a rate of 8% compounded semiannually.
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