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2 October, 08:22

Using technology, determine the present value given that you make semi-annual payments of $2,527 at 6.1% compouded semi-annually over a 6 year period. Round your answer to the nearest cent. a. $25,078.86 c. $25,146.48 b. $20,963.57 d. $21,070.31

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  1. 2 October, 11:34
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    Use the formula of the present value of annuity ordinary

    Pv=2,527 * ((1 - (1+0.061:2) ^ (-2

    *6)) : (0.061:2)) = 25,078.86

    A is the answer
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