Answer to Question #135122 in Financial Math for jaya

Question

An annuity is payable half-yearly for six years, the first half-yearly payment of amount $1800
being due after two years. The amount of subsequent payments decreases by $30 every halfyear. On the basis of an interest rate of 5% per half year, find the present value of the annuity

Answer 1

Dear jaya, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order