Amount of payment $12000.00 payment payable semiannually 8years interest 7% value of annuity

$992.227

Step-by-step explanation:

We have given amount of payment =$12000

Total time =8 years, as payment is payable semiannually so total period = 8×2=16 period

Rate of interest =7% annually so 3.5% semiannually

Present value annuity factor for 16 period at rate of 3.5%

So annuity  

answer;

the correct answer

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use formula for the circle a=3.14

step-by-step explanation: