SOLUTION: an annuity of $2000 pe half year is payable for 10 years.If interest rates were 4.5% per half year,how much would such an annuity cost?
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Question 633747
:
an annuity of $2000 pe half year is payable for 10 years.If interest rates were 4.5% per half year,how much would such an annuity cost?
Answer by
rfer(16322)
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use Excel for calculation
=PV(0.045,20,20000)
=$26,015.87