Question
If money is worth 8% converted semiannually, what is the present value of an annuity due of $500 every 6 months for 5 years. Please
If money is worth 8% converted semiannually, what is the present value of an annuity due of $500 every 6 months for 5 years.
Please show work! I'm not sure that I'm setting this up correctly at all. Also what is the annuity due?
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Personal Finance
Authors: Megan Noel, Dan French
2nd Edition
1465246479, 9781465246479
