Solved

Find the Amount of Each Regular Payment to Provide $21,500

Question 40

Multiple Choice

Find the amount of each regular payment to provide $21,500 in 11 years, at an annual rate r = 4%, compounded semiannually.


A) $1,186.70
B) $794.68
C) $796.08
D) $787.58
E) $799.88

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions