The first of 10 semiannual payments of $2900 will be made 5, years from today. What is the present value of this deferred annuity using a discount rate of 7.9% compounded semiannually? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) Present value of deferred annuity

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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The first of 10 semiannual payments of $2,900 will be made 5 years from today. What is the present value of this deferred annuity
using a discount rate of 7.9% compounded semiannually? (Do not round Intermedlate calculations and round your final answer to 2
decimal places.)
Present value of deferred annuity
Transcribed Image Text:The first of 10 semiannual payments of $2,900 will be made 5 years from today. What is the present value of this deferred annuity using a discount rate of 7.9% compounded semiannually? (Do not round Intermedlate calculations and round your final answer to 2 decimal places.) Present value of deferred annuity
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