Find the present value of the ordinary annuity. m = $100, r = 5%, n = 2, and t = 8 years.
Amount of Deposit mFrequency Compounded nRate rTime (in yr) t$100semiannually5%8?

A. $1,293.18
B. $1,281.50
C. $1,305.50
D. $1,319.50
E. $1,083.78


Answer: C

Mathematics

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