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

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asked Jul 6, 2018 108k views

3 votes

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

Mathematics
high-school

Cristian Douce asked

by Cristian Douce

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1 Answer

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

Vasil Oreshenski answered Jul 11, 2018

by Vasil Oreshenski

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