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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
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Jul 6, 2018
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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
Mathematics
high-school
Cristian Douce
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Pv=4,725×((1−(1+0.10÷2)^(−2
×15))÷(0.10÷2))=72,634.83
Vasil Oreshenski
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Jul 11, 2018
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