You signed a contract today to receive $2,000 every year (two $1,000 at the end of...
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You signed a contract today to receive $2,000 every year (two $1,000 at the end of each 6-month period) for 15 years. If the annualized interest rate is 8%, what is the value of this contract at the end of the 15-year period? (Hint: round to two decimals) You signed a contract today to receive $2,000 every year (two $1,000 at the end of each 6-month period) for 15 years. If the annualized interest rate is 8%, what is the value of this contract at the end of the 15-year period? (Hint: round to two decimals)
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