jocekinn jocekinn

25-05-2017
Mathematics

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Find the present value of the annuity.

Amount Per Payment: $4,725

Payment at End of Each: 6 months

Number of Years: 15

Interest Rate: 10%

Compounded: Semiannually

Respuesta :

Aliwohaish12 Aliwohaish12

25-05-2017

Pv=4,725×((1−(1+0.10÷2)^(−2
×15))÷(0.10÷2))=72,634.83

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