Question: Please write out all steps. No excel. Question 6.21 An annuity-due makes payments of $20 every other year, with the first payment beginning immediately. The

Please write out all steps. No excel.

Question 6.21 An annuity-due makes payments of $20 every other year, with the first payment beginning immediately. The annuity-due makes ten payments. The nominal annual interest rate compounded semiannually is 6%. Calculate the present value of the annuity-due. A 98.18 B 110.50 C 119.01 D 124.37 E 164.97

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