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find the present value of a deferred annuity of 3,600 semi-annually for 6 years that is deferred for four years if the money is worth 5% compounded semi-annually

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Answer:

75 PESOS

Step-by-step explanation:

PRINCIPAL = 1,000 PESOS

RATE = 2.5% OR 0.025%

TIME = 3 YEARS AND 1 YEAR

1,000 PESOS x 0.025% = 25 PESOS

25 S * 3YEARS = 75 PESOS 75 PESOS 5 * 1YEAR = 75 PESOS

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