Question

Find the amount of the following annuities due given the following:Amount of each deposit: $1800Deposited: semiannually Rate: 5%Time in years: 7

Answer 1

Given

Find the amount of the following annuities due given the following:

Amount of each deposit: $1800

Deposited: semiannually

Rate: 5%

Time in years: 7

Solution

Formula