An annuity pays $2000 every six months for five years, with the first payment on April 1. To find the present value on January 1 of this annuity, which pays at a 9% interest rate compounded semiannually, use an annuity present value formula.
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Calculate Present Value of Annuity Payments
1. Present value for annuity values on any date ?
find the present value to the nearest dollar on January 1 of an annuity which pa
ays $2000 every six months for fiver years. The first payment is due on the next
April 1 and the rate of interest is 9% convertible semiannually
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