5. Suppose an annuity at 4% compounded semi-annually will pay $4000 at the end of each 6-month period for 5 years with the first payment deferred for 12 years. (a) What is the number of payment...


5. Suppose an annuity at 4% compounded semi-annually will pay $4000 at the end of each 6-month period for 5 years with the first payment deferred for 12 years.


(a) What is the number of payment periods and the number of deferral periods?


(b) What is the interest rate per period?


c) Find the present value of this annuity.



Jun 07, 2022
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