Find the Present Value of the Ordinary Annuity

question 142

Short Answer

Find the present value of the ordinary annuity. Please round the answer to the nearest cent.
$2,000 per semiannual period for 8 yr at 12%/year, compounded semi-annually
P = $__________

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Definitions:

Product Literature

Printed or digital materials that provide information about a product's features, benefits, and use.

Consumer Ethnocentrism

Consumer Ethnocentrism is the belief held by consumers that products from their own country are superior to those from other countries, influencing their purchasing decisions.

Xenophobia

A fear or hatred of strangers or foreigners, often manifesting in discriminatory attitudes or actions.

Nationalism

A political ideology centered on achieving and maintaining self-governance and full sovereignty for a cultural or ethnic group.