Find the Present Value of an Annuity with Semiannual Payments $\quad P V = \$ 5,931.49$

question 118

Multiple Choice

Find the present value of an annuity with semiannual payments of $330 at 4.91%, compounded semiannually for 12 years.Round to the nearest cent.

• A) \(\quad P V = \$ 5,931.49\)
• B) \(\quad P V = \$ 8,114.44\)
• C) \(\quad P V = \$ 6,524.64\)
• D) \(\quad P V = \$ 10,615.97\)
• E) \(\quad P V = \$ 11,862.99\)

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