How much money must be deposited now, at 6% interest compounded semiannually, to yield an annuity payment of $4,000 at the beginning of each six-month period, for a total of five years?
Posts Tagged ‘semiannually’
the future value of ordinary annuity ; 8% interest compounded semi-annually for 11 years.?
15
Apr
sorry R=3700
the future value of ordinary annuity ; 8% interest compounded semi-annually for 11 years.?
15
Apr
sorry R=3700
5 year annuity, interest compounded semiannually?
23
Feb
I need help with a caluclation.. I don’t need the answer, I guess just the formula, or if someone could explain how I would get the answer to this:
How much money must be deposited now, at 6% interest compounded semiannually, to yield an annuity payment of $4,000 at the beginning of each six-month period, for a total of five years? Round your answer to the nearest cent.
A clear, understandable formula will be very helpful. Thanks so much!
How much money must be deposited now, at 6% interest, compounded semiannually, to yield an annuity payment of?
19
Feb
How much money must be deposited now, at 6% interest, compounded semiannually, to yield an annuity payment of $4,000 at the end of each six- month period, for a total of five years?