Find the present value of an annuity of $5000 paid at the end of each 6-month period for 2 years if the interest rate is 5%, compounded semiannually. (Round your answer to the nearest cent.)
Added by Sarah M.
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We have an annuity of $5000 paid every 6 months for 2 years. That means there will be a total of 2 * 2 = 4 payments. Show more…
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