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Find the present value of the ordinary annuity. (Round your final answer to two decimal places.) $3000/ semiannual period for 7 years at 4% /year
Find the present value of the ordinary annuity. (Round your final answer to two decimal places.) $3000/ semiannual period for 7 years at 4% /year compounded semiannually Select the formula used to solve this problem? A. I= Prt B. A=P(1+rt) C. A=P(1+i)n,i=mr,n=mt D. reff=(1+mr)m1 E. reff=(PA)1/t1 F. S=R[i(1+i)n1] G. P=R[i1(1+i)n]
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