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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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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

User Cristian Douce
by
8.2k points

1 Answer

5 votes

Pv=4,725×((1−(1+0.10÷2)^(−2
×15))÷(0.10÷2))=72,634.83
User Vasil Oreshenski
by
8.6k points
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