What is the present value of an annuity due consisting of semiannual payments of $1000 for 25
Question:
a. 6% compounded semiannually?
b. 8% compounded semiannually?
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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a Given PMT 1000 n 225 50 i 62 3 b If ...View the full answer
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