Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate...

Question

Question

Find the present value of the following ordinary annuity.

Periodic Payment	Payment Interval	Term	Interest Rate	Conversion Period
$2900	1 month	5 years	9 %	semi-annually

Answer 1

Answer #1

Solution Present value of Ordinary annuity (P) = PMT(-Gr)) PMTL 1tr cohere PMI = payment r=rate of Interest - 91. = 4.5% na

Answer 2

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