Annunity

Future value of an annunity?

R = $ 7500, i = 6% interest compounded semiannuanly 5 years. A) 335,979.09 b) 76,193.30 c) 85,979.09 d) 157,809.62

Assuming the $ 7,500 payments are semiannual (twice per year) for the period of 5 years (10 payments), the answer is: c) $ 85,979.09

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