Princesscxrinne Princesscxrinne

01-05-2018
Mathematics

contestada

Find the present value of annuity
Amount per payment:$4725
Payment at the end of each: 6 months
Number of years : 15
Interest rate: 10%
Compounded: semiannually

Respuesta :

philipscaster83 philipscaster83

01-05-2018

4,725×((1−(1+0.1÷2)^(−2
×15))÷(0.1÷2))
=72,634.83

Answer Link

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