1. Business
  2. Finance
  3. what is the present value of the following annuity 2693...

Question: what is the present value of the following annuity 2693...

Question details

What is the present value of the following annuity?
$2,693 every half year at the beginning of the period for the next 15 years, discounted back to the present at 15.17 percent per year, compounded semiannually.

Round the answer to two decimal places.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution