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Annuity due $1,000,000 3 years 6.1% Compounded semianually

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
7.9k 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
7.8k points
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