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3 years ago

By using the table in the handbook, the present value of $12,000 for six years compounded at 6 percent semiannually is

Mathematics

1 answer:

denis23 [38]3 years ago

6 0

Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)

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Based on the information, Christian would have $5525.5 of an annuity.

<h3>How to calculate the annuity?</h3>

According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12

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