Find the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually. (...)))

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Find the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually.
What is the present value?
$
(Round to the nearest cent.)
Transcribed Image Text:Find the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually. What is the present value? $ (Round to the nearest cent.)
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