Register
Find the present value. Amount per Payment: $820 Payment at the End of Each: 6 months Number of Years: 14 Interest Rate: 5% Compounded: Semiannually
36.6k views
3 votes
Find the present value.

Amount per Payment: $820

Payment at the End of Each: 6 months

Number of Years: 14

Interest Rate: 5%

Compounded: Semiannually

User Massie
by
7.1k points

1 Answer

4 votes
PVAO=820[(1-(1+0.05/2)^(-2*14))/(0.05/2)]
PVAO=16371.21
User Marc Bacvanski
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.6m questions

10.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!