What is the value today of paid every six months

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Problem 1: What is the value today of $800 paid every six months forever, with the first $800 payment occurring eight years from today. Interest rates are 10% p.a. compounded half-yearly.

a. $16,000.00

b. $7,696.27

c. $1,915.14

d. $7,329.78

Reference no: EM132739387

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