Find the present value of an ordinary annuity with deposits of $15,125 semiannually for 6 years at 8.8% compounded semiannually. What is the present value? $ (Round to the nearest cent.) ***
Find the present value of an ordinary annuity with deposits of $15,125 semiannually for 6 years at 8.8% compounded semiannually. What is the present value? $ (Round to the nearest cent.) ***
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 17E: Mortgage what is the monthly payment on a 30-year mortgage of $100,000 at 8% interest per year,...
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