The Present Value on April 1,2010 of 16 Semiannual Payments

question 74

Essay

The present value on April 1,2010 of 16 semiannual payments of $5,000 each,with the first payment to be made on October 1,2010,assuming an 8% interest rate compounded semiannually is:

---

Definitions:

Saliva

A watery secretion from the salivary glands in the mouth, aiding in digestion and oral lubrication.

Lymph

A clear fluid that circulates throughout the lymphatic system, carrying white blood cells and supporting the body's immune system.

B Lymphocytes

A type of white blood cell that plays a crucial role in the immune system by producing antibodies to fight infections.

Basophils

White blood cells that play a role in immune responses by releasing histamine and other chemicals involved in inflammation.