The present value of annuity due, where annuity payment is $ 700 , frequency of payment is 6 months, time duration is 7 years, nominal rate of return is 3.6 % and interest is compounded semiannually.

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Chapter 12.II, Problem 22RE

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To calculate: The present value of annuity due, where annuity payment is $700, frequency of payment is 6 months, time duration is 7 years, nominal rate of return is 3.6% and interest is compounded semiannually.

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