Find the Present Value of Ordinary Semi-Annual Payments of $810

question 22

Essay

Find the present value of ordinary semi-annual payments of $810.00 for five years at 5.45% p.a., compounded semi-annually.

---

Definitions:

Coping

A set of emotional, cognitive, and behavioral strategies used to manage stressors or challenging situations.

Adapting

The process of adjusting or changing behavior, strategies, or approaches to better meet new conditions or challenges.

Harmful

Causing or likely to cause damage or negative consequences to someone or something.

Stability Of Personality

The concept that an individual's personality traits tend to remain consistent over time.