Register

Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in this annuity by contributing $4,500 semiannually for 6 years. What will the annuity be worth …

Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in this annuity by contributing $4,500 semiannually for 6 years. What will the annuity be worth …
asked 127k views
3 votes
Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in this annuity by contributing $4,500 semiannually for 6 years. What will the annuity be worth after 6 years?

asked
User Soyeon
by
8.0k points

2 Answers

0 votes

Answer:

$3240

Explanation:

hope it is well understood

Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in-example-1
answered
User Lauris
by
7.7k points
6 votes

Answer: 59300

Explanation:

answered
User Alex Serra Marrugat
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!