Mathematics, 08.08.2019 02:20 Emptypockets451
Find the present value of an annuity of $5000 paid at the end of each 6-month period for 6 years if the interest rate is 7%, compounded semiannually. (round your answer to the nearest cent.)
Answers: 1
![p=pmt[\frac{1-\frac{1}{(1+r)^{n}}}{r}]](/tpl/images/0173/0508/569a9.png)
![p=5000[\frac{1-\frac{1}{(1+0.035)^{12}}}{0.035}]](/tpl/images/0173/0508/05d1d.png)
![p=5000[\frac{1-\frac{1}{(1.035)^{12}}}{0.035}]](/tpl/images/0173/0508/a7f20.png)
![p=5000[\frac{1-0.66178}{0.035}]](/tpl/images/0173/0508/1612e.png)
![p=5000[\frac{0.33822}{0.035}]](/tpl/images/0173/0508/e34bd.png)
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Find the present value of an annuity of $5000 paid at the end of each 6-month period for 6 years if...
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