Question: For four years, an annuity pays $ 2 0 0 at the end of each half - year with an 8 % rate of interest

For four years, an annuity pays $200 at the end of each half-year with an
8% rate of interest convertible semiannually. Find the current value of the
annuity three months after the 5th payment (i.e., nine months into year 3).

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