Find the Present Value of an Ordinary Annuity of $1,300

question 91

Short Answer

Find the present value of an ordinary annuity of $1,300 payments each made semiannually over 6 years and earning interest at 10% per year compounded semi-annually. Round your answer to the nearest cent.
$ __________

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Definitions:

Dramatic Swings

Significant and rapid changes in mood or behavior, often seen in psychological disorders such as bipolar disorder.

Psychomotor Disturbance

A disruption or impairment in the ability to control movements or perform tasks requiring motor coordination.

Loss Of Appetite

A decreased desire to eat, which can be due to various factors including emotional distress, illness, or medication side effects.

Difficulty In Concentrating

A common cognitive issue where an individual finds it challenging to focus their attention on specific tasks or for an extended period of time.