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(b) What is the present worth of $10,000 payments made biannually (i.e., every two years) at a nominal interest rate of 6%? a

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Answer #1

1.
=10000/(6%/0.5)*(1-1/(1+6%/0.5)^(50*0.5))=78431.3911206455

2.
=10000/(6%/0.5)*1/(1-1/(1+6%/0.5))=777777.777777777

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