The discounted value of $1193 payable semi-annually at the beginning of each half-year over 14 years if interest is 6.45% p.a. payable semi-annually is:

a.

$21782.09

b.

$22484.56

c.

$52975.67

d.

$54684.14

Denisha took a $465591, 23-year bank loan at j12=6.08% p.a. to purchase an investment property. She agreed to make payments at the end of each month. Assuming that she makes the payments consistently, how much will she owe at the end of 18 years?

a.

$161920.28

b.

$162740.67

c.

$188183.96

d.

$677462.26

Determine the discounted value of an ordinary annuity deferred with a term of 7 years paying $2703 semi-annually for 19 years if interest rate is at j2=6.74% p.a.

a.

$127268.36

b.

$202415.45

c.

$57444.98

d.

$36118.43