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(Solved): 10 Find the present value for a $2,600 payment pald semi annually for fifteen years if interest pay ...
10
Find the present value for a payment pald semi annually for fifteen years if interest pay compounded semi annually: Fill in the EXACT values to be entered in the TVM solver. Type 0 for END and 1 for BEGINNING. Round FV and PV values to 2 decimal places. Do NOT enter the dollar sign or a comma. Sample PV value:
Expert Answer
The present value (PV) of a $2,600 payment paid semi-annually for fifteen years, with interest compounded semi-annually at a rate of 5.1%, can be calc