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What Is the Present Value of a Semi- Annual Ordinary

Question 130

Multiple Choice

What is the present value of a semi- annual ordinary annuity payment of $7,000 made for 12 years with a required annual return of 5%compounded semi annually?


A) $ 62,043
B) $128,325
C) $ 65,145
D) $125,195

Correct Answer:

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