Register
Annuity due $1,000,000 3 years 6.1% Compounded semianually
2.3k views
2 votes
Annuity due
$1,000,000
3 years
6.1%
Compounded semianually

Annuity due $1,000,000 3 years 6.1% Compounded semianually-example-1
User Whitefang
by
7.5k points

1 Answer

6 votes
Answer: $357,911,000
Explanation: use formula A=P(1+i)^n (P meaning the funds, $, i meaning the %, and n being the number of years).
User Michael DeLorenzo
by
7.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.5m questions

11.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!