Find the present value of an annuity that pays $3,000 at the end of each 6-month period for 6 years , if the interest rate is 6% compounded semiannually.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Find the present value of an annuity that pays $3,000 at the end of each 6-month period for 6 years , if the interest rate is 6% compounded semiannually.

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ISBN:
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