Lecture Notes on Time Value of Money

12. What is the present value of $2,500 semiannual payments received at the beginning of each period for the next 10 years? The APR is 6%. a. 37,194.70 . b. 38,309.50 . c. 35,809.50. d. 36,884.80 13. Your mortgage payment is $600 per month. There are exactly 180 payments remaining on the mortgage. The interest rate s 8.0%, compounded monthly. ................
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