A friend wants to borrow money from you. He states that he will pay you $3,300...

A friend wants to borrow money from you. He states that he will pay you $3,300 every 6 months for 8 years with the first payment exactly 6 years and 6 months from today. The interest rate is 5.6 percent compounded semiannually. What is the value of the payments today? A) $30,219.57 B) $31,226.89 C) $30,354.43 D) $29,396.47 E) $31,447.66

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jeff jeffy answered 1 year ago

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