321, 793.41 php Question 18 What is the present value of an ordinary annuity of 700 php every 6 months for 4 years at 6% compounded semi - annually? 6,224.64 php B 99.72 php 5,000 php 4,913.78 php Ouestion 10

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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321, 793.41 php
Question 18
What is the present value of an ordinary annuity of 700 php every 6 months for
4 years at 6% compounded semi - annually?
A
6,224.64 php
B
99.72 php
5,000 php
4,913.78 php
Ouestion 10
Transcribed Image Text:321, 793.41 php Question 18 What is the present value of an ordinary annuity of 700 php every 6 months for 4 years at 6% compounded semi - annually? A 6,224.64 php B 99.72 php 5,000 php 4,913.78 php Ouestion 10
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