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Ivan invested $1500 into an annuity that offers an interest rate of 4% compounded semiannually for 6 years. What is the value of Ivan's investment after 6 years?

Ivan invested $1500 into an annuity that offers an interest rate of 4% compounded semiannually for 6 years. What is the value of Ivan's investment after 6 years?
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4 votes
Ivan invested $1500 into an annuity that offers an interest rate of 4% compounded semiannually for 6 years. What is the value of Ivan's investment after 6 years?

asked
User Hanry
by
7.5k points

2 Answers

3 votes

Answer:

1,902

Explanation: i dont remember the last time i was wrong

answered
User Nathan Paul Simons
by
8.7k points
1 vote

Answer:$1,902

Explanation:ur welcome:)

Ivan invested $1500 into an annuity that offers an interest rate of 4% compounded-example-1
answered
User Djamel
by
8.2k points
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