Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a five-year annuity that makes 30 bimonthly paymen

A five-year annuity that makes 30 bimonthly payments of $7,800 will begin 6 years from...

70.2K

Verified Solution

Question

Accounting

A five-year annuity that makes 30 bimonthly payments of $7,800 will begin 6 years from now with the first payment coming six years and two months from now. If the discount rate is 7.3 percent compounded bimonthly (every two months), what is the present value of the annuity? $126,215.53 $135,714.10 $127,751.15 $129,305.46

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

An island is located 31 miles N3711'W of a city. A freighter in distress radios...

Biology
1.2K views

What are the key elements of the HIPAA Security Rule?

Mechanical Engineering
1.2K views

use experimental equilibrium data and antoine equation to draw the equilibrium curve, and compare the results,...

Biology
1.2K views

Which of the following groups contains the Show Hide paragraph mark option in MS Word...

Basic Math
1.2K views

b A manager at a bus company wants to survey employees about the new uniforms...

Basic Math
1.2K views

A large fast-food restaurant is having a promotional game where game pieces can be found...

Algebra
1.2K views

cos ?=(2/3), tan ? <0 Find the exact value of sin ? A. - ?5...

Algebra
1.2K views

For the function f x 8x 1 construct and simplify the difference quotient The difference...

Accounting
1.2K views

Can anybody help me solving this question? 5. Solve the boundary-value problem in the...

Accounting
1.2K views

lem Journalizing-and- fies - and - Trial- America - cash - from a ank...

Accounting
1.2K views

please help Required information [The following information applies to...

Accounting
1.2K views

please answer all 3 in the order shown. 1,2 and 3 ...