Question
What is the present value of the following annuity? $2,073 every half year at the beginning of the period for the next 4 years, discounted
What is the present value of the following annuity?
$2,073 every half year at the beginning of the period for the next 4 years, discounted back to the present at 5.29 percent per year, compounded semiannually.
Round the answer to two decimal places.
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Get StartedRecommended Textbook for
Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
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