The present value of annuities due, where annuity payment is $ 6 , 000 , frequency of payment is 6 months, time duration is 15 years, nominal rate of return is 2 % and interest is compounded semiannually.

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Chapter 12.II, Problem 9RE

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To calculate: The present value of annuities due, where annuity payment is $6,000, frequency of payment is 6 months, time duration is 15 years, nominal rate of return is 2% and interest is compounded semiannually.

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