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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
What is the present value of the following annuity? $4,659 every half year at the beginning of the period for the next 5 years, discounted back to the present at 13.86 percent per year, compounded semiannually. Round the answer to two decimal places
PV -----------is -----------giv-----------en -----------by -----------dis-----------cou-----------nti-----------ng -----------the----------- ca-----------shf-----------low-----------s: -----------Pre-----------sen-----------t v-----------alu-----------e i-----------s c-----------alc-----------ula-----------ted----------- as----------- PV----------- = -----------Cas-----------hfl-----------ow/-----------(1+-----------r)^-----------n r----------- - -----------Int-----------ere-----------st -----------rat-----------e n----------- - -----------no.----------- of----------- ye-----------ars----------- Fi-----------rst----------- pa-----------yme-----------nt -----------is -----------mad-----------e