Asked by Anonymous

suppose the interest rate is 8% apr with monthly compounding. what is the present value of an annuity that pays $95.00 every 6 months for 6 years.
Answered by james
You can earn an expected return of 13 percent compounded semiannually. If you invest $400 today, then you would have $ in 22 years
There are no AI answers yet. The ability to request AI answers is coming soon!