How much will it cost to purchase an ordinary annuity delivering semiannual payments of $ 2 0

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Question:

How much will it cost to purchase an ordinary annuity delivering semiannual payments of

2000

for

12.5

years if the money used to purchase the annuity can earn

7.5 %

compounded

semiannually?

Posted Date: May 19, 2024 12:15 AM

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How much will it cost to purchase an ordinary annuity delivering semiannual payments of $ 2 0

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