Multiple Choice
Solve the problem.
-A sequence of yearly payments of $1500 is invested at the end of every compounding period, where interest is compounded semi-annually at 1%. What is the total amount of the annuity at the
End of 4 years?
A) $162,212.11
B) $24,857.01
C) $12,212.11
D) $168,318.17
Correct Answer:
Verified
Correct Answer:
Verified
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