What is the discounted value of ​$899.00 paid at the end of every month for 3 years if interest is 12 % per annum compounded semi -annually?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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What is the discounted value of ​$899.00 paid at the end of every month for 3 years if interest is 12 % per annum compounded semi -annually?

The discounted value is ​$

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