Multiple Choice
Find the present value of an ordinary annuity of $1,400 payments each made semiannually over 8 years and earning interest at 12% per year compounded semi-annually.
A) $14,148.25
B) $6,954.70
C) $9,763.58
D) $3,365.99
Correct Answer:
Verified
Correct Answer:
Verified
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