Question
Question 2(1 point) What is the present value of the following annuity? $1,328 every half year at the beginning of the period for the next
Question 2(1 point)
What is the present value of the following annuity?
$1,328 every half year at the beginning of the period for the next 11 years, discounted back to the present at 5.36 percent per year, compounded semiannually.
Round the answer to two decimal places.
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
