Question
What is the discounted value of payments of $110.00 made at the end of every six months for 2 years if interest is 6%
What is the discounted value of payments of $110.00 made at the end of every six months for 2 years if interest is 6% compounded semi-annually? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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