Multiple Choice
Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated:
-PMT = $7,500, i = 7% interest compounded semiannually for 4 years
A) $ 131,254.61
B) $ 58,345.56
C) $ 67,887.65
D) $ 282,173.37
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q46: Samantha's savings account has a balance of
Q47: Use the average daily balance method to
Q48: Use I = Prt for simple interest
Q49: Find the periodic payment that will render
Q50: Use the future value formula to find
Q52: What is the annual percentage yield (APY)
Q53: Find the compound interest earned. Round to
Q54: What is the annual percentage yield (APY)
Q55: Use the average daily balance method to
Q56: Cheraw Auto Repair believes that it will