Question

Find the present value of annuity
Amount per payment:$4725
Payment at the end of each: 6 months
Number of years : 15
Interest rate: 10%
Compounded: semiannually

Answer 1

4,725×((1−(1+0.1÷2)^(−2
×15))÷(0.1÷2))
=72,634.83