Question

Find the present value of ordinary annuity with deposit of $1234 semiannually

Answer 1

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❏Present Value of Annuity

• The present value of annuity formula determines the value of a series of future periodic payments at a given time. ...
• When the periodic payments or dividends are all the same, this is considered a geometric series. ...
• This equation can be simplified by multiplying it by (1+r)/(1+r), which is to multiply it by 1.

Answer 2

Answer :

❏Present Value of Annuity

The present value of annuity formula determines the value of a series of future periodic payments at a given time. ...

When the periodic payments or dividends are all the same, this is considered a geometric series. ...

This equation can be simplified by multiplying it by (1+r)/(1+r), which is to multiply it by 1.

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