Answered: Find the present value of an annuity of…

Find the present value of an annuity of $1200 payable at the end of each 6 months for 3 years when the interest is earned at 8% per year compounded semi-annually. (Take (1.04) = 1.2653).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Mathematical economics:
Find the present value of an annuity of
$1200 payable at the end of each 6
months for 3 years when the interest is
earned at 8% per year compounded
semi-annually. (Take (1.04) = 1.2653).

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