What is the present worth of the annuity

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Petunia is receiving $43328.0 semi-annually (twice a year) from an annuity that pays a nominal annual rate of 5.0% compounded semi-annually. She will receive this for 15.0 years. What is the present worth of the annuity?

Reference no: EM131163220

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What is the present worth of the annuity : Petunia is receiving $43328.0 semi-annually (twice a year) from an annuity that pays a nominal annual rate of 5.0% compounded semi-annually. She will receive this for 15.0 years. What is the present worth of the annuity?

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