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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?
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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?

User Soyeon
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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
User Lauris
by
7.7k points
6 votes

Answer: 59300

Explanation:

User Alex Serra Marrugat
by
8.5k points
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