Find the present value of an annuity of 2500 payable at the end of every 6 months for
[tex]1 \frac{1}{2} [/tex]
years if money is worth 12% per annum compounded half yearly.
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Find the present value of an annuity of 2500 payable at the end of every 6 months for
[tex]1 \frac{1}{2} [/tex]
years if money is worth 12% per annum compounded half yearly.
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Answer:
2500 × 6
= 15000
The 12% is 400