You would like to have $4000 in 3 years for a special vacation following graduation by making deposits at the end of every six

Question

3 years ago

5

You would like to have $4000 in 3 years for a special vacation following graduation by making deposits at the end of every six

months in an annuity that pays 4.5% compounded semiannually. a. Use one of the formulas below to determine how much you should deposit at the end of every six months.

Mathematics

1 answer:

Rama09 [41] · Answer 1 · 2022-06-05T10:54:48+03:00

Rama09 [41]3 years ago

3 0

Answer:

666.70 at the end of every six months.

Step-by-step explanation:

You would like to have ​$4000 in 3 years for a special vacation following graduation by making deposits at the end of every six

You would like to have $4000 in 3 years for a special vacation following graduation by making deposits at the end of every six