What is the present value of the following annuity? $4,907 every half year at the beginning of the period for the next 1...
What is the present value of the following annuity? $4,907 every half year at the beginning of the period for the next 10 years, discounted back to the present at 16.33 percent per year, compounded semiannually. Round the answer to two decimal places.
Homework Answers
Calculating Present Value,
Using TVM Calculation,
PV = BEG[PMT = 4,907, FV = 0, N = 20, I = 0.1633/2]
PV = $51,477.67
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