Multiple Choice
A sequence of yearly payments of $2000 is invested at the end of every compounding period, where interest is compounded semi-annually at 2%. What is the total amount of the annuity at the end of 6 years?
A) $138,047.51
B) $125,365.01
C) $53,648.36
D) $25,365.01
Correct Answer:
Verified
Correct Answer:
Verified
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