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Suppose you are considering an annuity which pays $2,000 every six months, for 20 years. What is the present value of this annuity? Assume a

Suppose you are considering an annuity which pays $2,000 every six months, for 20 years. What is the present value of this annuity? Assume a discount rate of 8 percent and that payments occur at the end of each period.

		$9,818.14
		$19,792.77
		$39,585.55
		$50,000.00
		None of the above answers are correct.

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