What is the present value of an ordinary annuity that pays $300 every six months for...

What is the present value of an ordinary annuity that pays $300 every six months for four years if the discount rate is 5.6% per year?

Question 5 options:

$1,994.34

$2,109.56

$2,123.79

$2,098.25

$2,281.41

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Expert Solution

jeff jeffy answered 1 year ago

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