A 4-Year Annuity of Eight $6,200 Semiannual Payments Will Begin

question 104

Multiple Choice

A 4-year annuity of eight $6,200 semiannual payments will begin 6 years from now, with the first payment coming 6.5 years from now.If the discount rate is 7 percent, compounded semiannually, what is the value of this annuity 4 years from now?

• A)$37,139.58
• B)$38,399.20
• C)$40,687.14
• D)$41,811.67
• E)$42,618.52

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Pertaining to the Zinacantán, an indigenous Maya community in the state of Chiapas, Mexico, known for their traditional textiles and rituals.

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