yazireth4986 yazireth4986

22-03-2024
Mathematics

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Find the present value of an ordinary annuity of $1,400 payments each made semiannually over 8 years and earning interest at 12% per year compounded semi-annually.
a. $3,365.99
b. $6,954.70
c. $9,763.58
d. $14,148.25

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